REX Shares Appoints Scott Acheychek as CEO, Greg King Named Executive Chairman

Firm behind MicroSectors ETNs restructures leadership and expands Capital Markets team

MIAMI--(BUSINESS WIRE)--REX Shares (“REX”), an independent provider of alternative investment products including its MicroSectors™ ETNs, announces that Scott Acheychek has been named Chief Executive Officer. Greg King, REX’s Founder, has served as CEO since 2015 and will transition to Executive Chairman of the firm. King will remain CEO of Osprey Funds, which spun out of REX in early 2021.

“It’s been a privilege to lead REX for the past seven years, helping launch numerous cutting-edge investment products and overseeing the firm’s growth,” King said. “Scott’s drive and passion for the business will propel REX into the next phase of growth, and I am eager to support him any way I can.”

Acheychek joined REX when the firm launched its first ETF products in 2016 and rose to become President in 2018. He will now lead the company forward, expanding MicroSectors and launching new ETF products. As Executive Chairman, King will focus on firm strategy.

“I’m grateful to Greg for his outstanding leadership and look forward to continuing his legacy of innovation in the ETP space,” Acheychek said. “Through this transition and beyond, our top priority remains providing the very best ETPs for investors and traders.”

REX also announces Michael Eschmann is joining the team as Managing Director, taking charge of business development. He brings over 20 years of experience in sales, portfolio management, trading and capital markets. Most recently, he was Head of ETF Capital Markets for Oppenheimer Funds. Before that, he was Co-Head of ETF Sales and Capital Markets at Direxion Investments.

"As volatility spiked this year, we’ve experienced robust trading volume growth. Traders are increasingly utilizing our targeted products to gain exposure to sectors such as energy, big tech, banking, gold and travel," added Acheychek. "Mike has an incredible track record in sales, capital markets and ETF education. I look forward to partnering with him to enhance our existing platform and considerably expand our offerings.”

For more information on REX Shares, please visit www.rexshares.com or www.microsectors.com.

About REX Shares:

Founded in 2015, REX Shares (“REX”) is an independent provider of trader-focused ETPs based in Miami, Florida. As ETP architects, the REX team creates investment vehicles that solve for a range of specific challenges in investor portfolios. The firm is rooted in decades of structuring and building inventive exchange-traded product solutions.