Horizons ETFs announces departure of Adam Felesky

News provided by

Horizons ETFs Management (Canada) Inc.

Jan 20, 2015, 10:46 ET

TORONTO, Jan. 20, 2015 /CNW/ - Horizons ETFs Management (Canada) Inc. ("Horizons ETFs"), which serves as manager, trustee and/or investment manager, as applicable, for the Horizons family of exchange traded funds, announces today that Chief Executive Officer, Adam Felesky has departed from Horizons ETFs.

Mr. Taeyong Lee, Executive Chairman of Horizons ETFs has assumed Mr. Felesky's duties and responsibilities until a new Chief Executive Officer is appointed.

All other members of the senior management team at Horizons ETFs remain intact, including the President, Howard Atkinson; the Senior Executive Vice-President and Chief Investment Officer, Steve Hawkins; and the Chief Operating Officer and Chief Compliance Officer, Kevin Beatson.

Mr. Lee thanked Mr. Felesky for his leadership and contributions to the company since its inception in 2005.

"As one of its principal founders, Adam was instrumental in helping build Horizons ETFs a leading ETF provider in Canada over the last decade," said Mr. Lee. "Mirae Asset would like to thank him for his many contributions to our ETF business and wish him every success in his future endeavours.

"Horizons ETFs has built a strong financial products platform, with a robust lineup of award-winning ETFs that are overseen by one of the most experienced ETF management teams in North America," said Mr. Lee. "We believe Horizons ETFs is extremely well positioned to enter its next phase of growth in the Canadian marketplace."

About Horizons ETFs Management (Canada) Inc. (www.HorizonsETFs.com)
Horizons ETFs is an innovative financial services company offering the Horizons ETFs family of exchange-traded funds. The Horizons ETFs family includes a broadly diversified range of investment tools with solutions for investors of all experience levels to meet their investment objectives in a variety of market conditions. With more than $4.6 billion in assets under management as of December 31, 2014 and 72 ETFs listed on the TSX, the Horizons ETFs family makes up one of the largest families of ETFs in Canada. Horizons ETFs is a subsidiary of Mirae Asset Global Investment Co., Ltd. and a member of the Mirae Asset Financial Group.

About Mirae Asset Global Investments Co., Ltd. (www.miraeasset.com)
Mirae Asset is the Korea-based asset management entity of Mirae Asset Financial Group, one of the world's largest investment managers in emerging market equities. With over 570 employees, including more than 121 investment professionals, Mirae Asset has a presence in Australia, Brazil, Canada, China, Colombia, Hong Kong, India, Korea, Taiwan, the United Kingdom, the United States, and Vietnam. Headquartered in Seoul, South Korea, Mirae Asset manages approximately US$64.0 billion in assets globally as of December 31, 2014.