New Investment Manager Sets Up In Jersey
Thursday, January 10, 2013
Boost ETP LLP, one of the few independent providers of specialized Exchange Traded
Products (ETPs) in the European market, has announced the launch of an investment
management business in Jersey.
Boost is to offer FTSE 3x leveraged short and long ETPs on the London Stock
Exchange (LSE) and presently has ten such products trading on the Exchange.
The company aims to provide added value to clients by issuing highly innovative
products that are unique in any market.
Hector McNeil, Chief Executive Officer, Boost ETP, LLP, said:
"Opening a Jersey office represents an important part of our strategic
plan to establish Boost as the main independent ETP provider in Europe."
"We chose Jersey as the best place for expanding our business due to its
reputation as a leading international financial center, which will provide us
with a strong base in which to facilitate our future growth. Both myself and
my fellow Chief Executive Officer, Nik Bienkowski, helped to establish ETF Securities,
which is also based in Jersey, our experience here has always been excellent
and so the island was a natural place in which to base Boost."
"We have a robust strategy for growth in place and expect to increase
our Jersey team by 15 to 20 strong during 2013.”