LISLE, Ill.--(BUSINESS WIRE)--Claymore Securities Inc. and Claymore Advisors LLC today announced that Christian Magoon has been named President, responsible for all U.S. Exchange-Traded Fund (ETF) and Unit Investment Trust (UIT) product development, marketing and distribution.
“Under Christian’s leadership since September 2006, Claymore’s ETF business has become the 10th largest in the United States. In addition, Claymore was the 3rd fastest growing ETF sponsor in 2007(1),” said Dave Hooten, Claymore Chairman and CEO. “His business acumen, creativity and market touch will help drive our continued success.”
Magoon, 33, joined Claymore in 2003. Prior to pioneering Claymore’s entry in the ETF business, he served as Claymore’s Managing Director of Unit Investment Trusts, and contributed to the business’ five-fold growth.
“Claymore enjoys a unique position in the investment industry and I believe the best is yet to come,” said Magoon. “As we seek to deliver best-in-class investment partners and strategies to investors, the Claymore brand is becoming synonymous with innovation. I look forward to leading the company’s growing market presence in both the ETF and UIT business lines.”
Magoon, a native of Green Bay, Wisconsin, has a Master of Arts and BA in Communications from Wheaton (IL) College. He is Series 7, 24, 63 and 65- registered.
The firm also named Michael Rigert and Tony DiLeonardi as Vice Chairmen. Rigert, 48, formerly President of Claymore, will continue to lead the Company’s closed-end fund business development. He will also maintain his current responsibilities of supervising the Firm’s investment functions and Claymore Investments, Inc., Claymore’s Canadian subsidiary. DiLeonardi, 44, will be responsible for the creation of business development programs for the firm’s strategic partners and financial advisors. Both serve on the firm’s Board of Directors.
Claymore Securities, Inc., a subsidiary of Claymore Group Inc., is a privately-held financial services company offering unique investment solutions for financial advisors and their valued clients. Claymore entities have provided supervision, management, servicing or distribution on approximately $18.5 billion in assets as of December 31, 2007. Claymore currently offers exchange-traded funds, unit investment trusts and closed-end funds.
(1) Source: Claymore Securities, Inc., Bloomberg 2007 ETF data
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