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.