Global X ETFs Seeks New CEO as Luis Berruga Steps Down

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Global X ETFs, a prominent player in the exchange-traded funds market, is on the hunt for a new chief executive following the unexpected departure of Luis Berruga. After nearly a decade of service, Berruga’s decision to step down marks the end of an era for the company.

Thomas Park, co-CEO of Mirae Asset Global Investment, the South Korean parent company of Global X, will temporarily helm the firm during the search for a new leader. This interim arrangement was announced in a press release by Global X on Monday.

In a statement, a Global X spokesperson highlighted the personal nature of Berruga’s decision, emphasizing his desire to prioritize personal life and relationships. “This was a personal decision—and not one he took lightly,” the spokesperson noted.

ETF Newz Says:

Berruga’s departure comes at a time when Global X ETFs has established itself as a key innovator in the ETF industry. His leadership has been instrumental in the firm’s growth and success, making the task of finding a suitable successor a critical one for the future trajectory of the company.

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