Global X chief executive steps down

Thomas Park takes over in the interim

Global X chief executive Luis Berruga has decided to step down from his role after almost ten years with the $39bn US ETF manager.

Thomas Park, co-CEO of Mirae Asset Global Investments, parent company of Global X, will lead the firm on an interim basis while it finds a permanent replacement for Berruga. He has been a board member of Global X since Mirae Asset acquired the company in 2018. Berruga joined Global X as COO and CFO in 2014 and was named CEO in 2018. Under his leadership, Global X's AUM has grown to $39bn and its market share has nearly doubled, the firm said. Global X launches S&P 500 covered call ETF According to reports from the FT, a spokesperson from the firm said Berruga was leaving voluntaril...