WisdomTree Adds Seasoned Financial Services Executive Harold Singleton III to Board
January 23 2022 - 6:00PM
WisdomTree Investments, Inc. (NASDAQ: WETF), an exchange-traded
fund (“ETF”) and exchange-traded product (“ETP”) sponsor and asset
manager, today announced that Harold Singleton III, an executive
with more than 30 years in the investment management and financial
services industry, has been appointed to WisdomTree’s Board of
Directors. With this appointment, the Board expands to seven
directors, six of whom are independent.
Since 2019, WisdomTree has added three independent directors.
Mr. Singleton joins Susan Cosgrove and Smita Conjeevaram as the
newest directors, each of whom provides a fresh perspective with a
focus on driving shareholder value. WisdomTree’s seven directors
all possess significant and extensive experience relevant to
WisdomTree’s business strategy, including global financial,
accounting and compliance expertise, and many years in senior
leadership positions in the investment management and financial
services industry.
Frank Salerno, WisdomTree Chair of the Board, said, “The Board
is delighted to welcome someone of Harold’s caliber as a new
independent director. He embodies smart, strategic leadership
coupled with expertise that spans global markets, ESG and
diversity, equity and inclusion. Harold’s professional focus aligns
perfectly with WisdomTree’s own priorities of sustainability,
innovation and creating the best investment solutions for clients.
We are confident he will bring significant value to WisdomTree and
our shareholders.”
Jonathan Steinberg, WisdomTree CEO, said, “Harold joins our
Board at an exciting time for WisdomTree as we continue to build on
the strong momentum in our asset management business, capturing
more of the ever-growing ETP pie through new and existing products
and solutions, as evidenced by $4.9 billion in 2021 net flows and
more than $500 million in 2022 inflows to date, bringing our total
assets under management to $77 billion.”
About Harold Singleton III
Mr. Singleton was most recently Vice President, Managing
Director/Head of Manager Selection and Portfolio Construction of
Lincoln Financial Group (NYSE: LNC), which operates multiple
insurance and retirement businesses, and previously as Vice
President/Head of Client Portfolio Management from 2014 to 2016. He
served as an independent director and member of the Investment
Committee of The Vantagepoint Funds from 2013 to 2014, and prior to
that, he held multiple investment management roles at PineBridge
Investments (formerly AIG Investments) from 2007-2012, most
recently as Managing Director/Head of Asset Management Companies
and Global Head of Retail and Intermediary Sales. Mr. Singleton
also served as Chairman of PineBridge East Africa and PineBridge
Taiwan. His investment management career also includes multiple
equity portfolio management and analyst positions at well-known
firms, including UBS Global Asset Management from 2003 to 2006,
Metropolitan West Capital Management from 2000 to 2003, and Brinson
Partners from 1996 to 2000, prior to its acquisition by UBS Global
Asset Management.
Mr. Singleton serves on the Urban League of Philadelphia Board
of Directors and as Chair of the Investment Committee of the
Executive Leadership Council, an organization dedicated to the
development of global black leaders. He received his B.S. in
Chemical Engineering from the Illinois Institute of Technology,
where he is a member of the Executive Committee and chairs the
Investment Committee of its Board of Trustees, and an M.B.A. in
Finance from the University of Chicago. Mr. Singleton is a
Chartered Financial Analyst.
More information on WisdomTree’s Board of Directors can be found
here.
About WisdomTree
WisdomTree Investments, Inc., through its subsidiaries in the
U.S. and Europe (collectively, “WisdomTree”), is an ETF and ETP
sponsor and asset manager headquartered in New York. WisdomTree
offers products covering equity, commodity, fixed income, leveraged
and inverse, currency, cryptocurrency and alternative strategies.
WisdomTree currently has approximately $77.0 billion in assets
under management globally. WisdomTree® is the marketing name for
WisdomTree Investments, Inc. and its subsidiaries worldwide.
Cautionary Statement Regarding Forward-Looking
Statements
This press release may contain a number of “forward-looking
statements” as defined in the Private Securities Litigation Reform
Act of 1995. These forward-looking statements include, but are not
limited to, statements about whether changes in the composition of
WisdomTree’s Board of Directors will enhance shareholder value and
whether WisdomTree will capture more of the ETP market through new
and existing products and solutions. These forward-looking
statements are based on WisdomTree’s management’s current
expectations, estimates, projections and beliefs, as well as a
number of assumptions concerning future events. These
forward-looking statements are not guarantees of future
performance, conditions or results, and involve a number of known
and unknown risks, uncertainties, assumptions and other important
factors, many of which are outside WisdomTree’s management’s
control, that could cause actual results to differ materially from
the results discussed in the forward-looking statements.
Forward-looking statements included in this release speak only as
of the date of this release. WisdomTree does not undertake any
obligation to update its forward-looking statements to reflect
events or circumstances after the date of this release except as
may be required by the federal securities laws.
Contact Information: Media Relations WisdomTree
Investments, Inc. Jessica Zaloom +1.917.267.3735
jzaloom@wisdomtree.com
Investor RelationsWisdomTree Investments, Inc.Jeremy
Campbell+1.646.522.2602Jeremy.campbell@wisdomtree.com
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