NEW YORK, July 24, 2013 (GLOBE NEWSWIRE) -- WisdomTree Investments, Inc. (Nasdaq:WETF), an exchange-traded fund ("ETF") sponsor and asset manager, announced today that Win Neuger, former CEO of PineBridge Investments, has been elected to the board of directors. Mr. Neuger was previously a member of WisdomTree's board from January 2007 to December 2009.
The Company also announced that James Robinson IV, Managing Partner of RRE Ventures, LLC, one of the initial venture backers of the Company in 2004, is stepping down from WisdomTree's board.
"It is my pleasure to welcome Win back to WisdomTree's board," said Jonathan Steinberg, CEO and President of WisdomTree. "Win's years of experience in the asset management industry and familiarity with WisdomTree's business will be a tremendous asset to the company."
Mr. Steinberg continued, "I would also like to thank Jim Robinson for his years of service and guidance. Jim's early support as the first venture backer alongside Michael Steinhardt helped make WisdomTree possible."
Mr. Neuger served as Vice-Chairman of the Board of Directors of PineBridge Investments, an independent asset manager offering investment opportunities in emerging and developed markets, from March 2012 until January 2013. Prior to his role as Vice-Chairman, Mr. Neuger served as Chief Executive Officer and Chair of the Executive Committee of PineBridge from March 2010 until March 2012. From December 2008 to March 2010 Mr. Neuger served as Executive Vice-President of the American International Group ("AIG"), as well as Chairman and Chief Executive Officer of AIG Investments, AIG's asset management company. Prior to January 2009, Mr. Neuger served as Executive Vice-President and Chief Investment Officer of the American International Group as well as Chairman and Chief Executive Officer of AIG Investments.
More information on WisdomTree's Board of Directors can be found here.
WisdomTree Investments, Inc. is a New York-based exchange-traded fund ("ETF") sponsor and asset manager. WisdomTree currently offers 50 ETFs across Equities, Fixed Income, Currency Income and Alternatives asset classes. WisdomTree also licenses its indexes to third parties for proprietary products and promotes the use of WisdomTree ETFs in 401(k) plans. WisdomTree currently has approximately $31.6 billion in ETF assets under management. For more information, please visit www.wisdomtree.com.
WisdomTree® is the marketing name for WisdomTree Investments, Inc. and its wholly owned subsidiaries WisdomTree Asset Management, Inc. and WisdomTree Retirement Services, Inc. WisdomTree Asset Management, Inc. is a registered investment advisor and is the investment advisor to the WisdomTree Trust and the WisdomTree ETFs. The WisdomTree Trust is a registered open-end investment company. Each WisdomTree ETF is a series of the WisdomTree Trust. WisdomTree Retirement Services, Inc. supports the use of the WisdomTree ETFs in retirement plans by financial professionals.
Source:WisdomTree Investments, Inc.