State Street Global Advisors, the world’s No. 2 ETF company, and the sponsor of the SPDR family of ETFs, named Scott Ebner to the newly created post of managing director and global head of ETF product development.
In his new role, Ebner will head product development and focus on expanding
“The ETF industry is currently a $1.2 trillion market globally, and despite its tremendous growth over the past 17 years, additional product innovation and education are critical to unlocking the market’s full potential,” Ebner said in a press release.
When he spoke with IndexUniverse.com in 2007, Ebner said that while ETFs were well known among institutional investors, retail investors and the financial advisers who serve them were likely to be an important area of future growth.
“There's still a lot of room to go, and there's a lot of investors who could come to understand and know ETFs and find that, in many cases, ETFs are their best choice for reaching their investment goals,” Ebner said in the interview.