Former E*Trade Financial president and COO Jarrett Lilien has joined WisdomTree's board of directors.
"He will play a key role in helping us execute our long-term business plan," said WisdomTree CEO Jonathan Steinberg. Lilien's addition raises the number of directors on WisdomTree's board to eight, according to company spokesman Stuart Bell.
Lilien became president and COO of E*Trade in 2003, and was appointed acting CEO of the online brokerage in November of last year. He left the firm in May.
Lilien joined E*Trade in 1999 when it acquired TIR Holdings, which he co-founded.
Company Press Release
NEW YORK, Nov 14, 2008 (BUSINESS WIRE) -- WisdomTree (Pink Sheets: WSDT), an industry leading index developer and exchange-traded fund (ETF) sponsor, today announced the addition of Jarrett Lilien, former E*TRADE FINANCIAL Acting CEO, President and Chief Operating Officer, to the Company's Board of Directors.
"Jarrett's financial services experience, combined with his proven vision and effectiveness as a results-oriented leader, make him an important addition to the Board," said Jonathan Steinberg, WisdomTree CEO. "He will play a key role in helping us execute our long-term business plan."
"WisdomTree has built an impressive brand, stellar management team and strong investment track record as an ETF sponsor and asset manager," said Mr. Lilien. "I look forward to contributing my experience to an organization that has already achieved significant progress in a short time and is well positioned for continued growth and innovation in one of the fastest growing segments of the asset management industry."
Mr. Lilien joined E*TRADE FINANCIAL in August 1999 and became President and COO in March 2003. Mr. Lilien was named Acting CEO in November 2007 in order to develop and implement a comprehensive turnaround plan. Prior to these roles, Mr. Lilien served as Chief Brokerage Officer and President, E*TRADE Securities. Prior to joining E*TRADE, he co-founded TIR Holdings, a global institutional stock broker, for which he served 10 years as its Chief Executive Officer. TIR Holdings was acquired by E*TRADE in August 1999. Prior to TIR, he held various positions at Paine Webber and Autranet, a former division of Donaldson, Lufkin & Jenrette, Inc.
Having orchestrated the execution of the broad turnaround campaign which has stabilized the company, Mr. Lilien left E*TRADE in March, 2008. He lives in Manhattan and serves as President of the Jazz Foundation of America, sits on the Board of Trustees at Baryshnikov Arts Center and is a Board Member of The Barton Group.
WisdomTree(R) is a leading ETF sponsor and innovative index developer using its own fundamentally weighted index methodology. WisdomTree also licenses its indexes to third parties for proprietary products and offers a platform to promote the use of WisdomTree ETFs in 401(k) plans. Approximately $3.6 billion in assets are currently managed against the WisdomTree Indexes by WisdomTree and third parties under license from WisdomTree. For more information, please visit www.wisdomtree.com or www.wisdomtree401k.com.
WisdomTree is the marketing name for WisdomTree Investments, Inc. and its wholly owned subsidiaries WisdomTree Asset Management, Inc. and WisdomTree Retirement Services, Inc. WisdomTree Asset Management, Inc. is a registered investment advisor and is the investment advisor to the WisdomTree Trust and the WisdomTree ETFs. The WisdomTree Trust is a registered open-end investment company. Each WisdomTree ETF is a series of the WisdomTree Trust. WisdomTree Retirement Services, Inc. supports the use of the WisdomTree ETFs in retirement plans by financial professionals.