The man responsible for Rydex Investments' line of ETFs will be taking a new role at the company at the end of the month, The MFWire has learned.

Tim Meyer Rydex head of ETF business line

Tim Meyer, head of Rydex's ETF business line, will be working with the Rockville, Maryland-based company on a consulting basis only starting next month, Rydex spokeswoman Lori Klash confirmed to The MFWire. Meyer will also be taking time off to travel, she added.

Kevin Farragher, currently the senior vice president of business development and services at Rydex, will be taking over Meyer's duties. It is not known whether he will continue in this role once he assumes Meyer's responsibilities.

Kevin Farragher Rydex SVP of business development and services

Meyer has been with Rydex since 1997. He was the public face of Rydex's ETF business, speaking at the company's press event and other conferences.

Rydex was purchased by Kansas-based Security Benefit in a deal closed in January of this year.  

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