ETF Securities Limited (ETF Securities) has agreed to sell its European exchange-traded commodity, currency and short-and-leveraged business to WisdomTree Investments, Inc. (WisdomTree), the Nasdaq-listed (ticker: WETF) and New York headquartered global exchange-traded product provider. ETF Securities to sell its European Exchange-Traded Commodity, Currency and Short-and-Leveraged Business to WisdomTree.
The business being sold comprises all the European operations of ETF Securities, excluding the ETF platform.
The business being sold to WisdomTree has a comprehensive range of commodity, currency and short-and-leveraged products, AUM of $17.6 billion* and more than 50 dedicated staff. WisdomTree and ETF Securities will work to ensure that integration is seamless and expect no change to the current high standards of service and operations experienced by our customers and partners.
The sale is subject to regulatory approval and is currently anticipated to close in late Q1 2018.
WisdomTree and ETF Securities share a common entrepreneurial history and drive, with similar cultures and commitment to innovation. Together we can best meet the evolving needs of our customers. By combining our ETP business with WisdomTree and becoming its largest shareholder we are creating a leading independent global ETP provider. The new firm will be uniquely positioned to flourish in the years ahead, continuing to deliver huge value for customers and stakeholders.
Our press release can be found here
* Source: ETF Securities, as at 9/11/2017
Please contact us if you have any questions:
Catarina Donat Marques
ETF Securities (UK) Limited
T +44 20 7448 4386
E catarina.donatmarques@etfsecurities.com
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