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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.