XShares Group LLC, parent company of XShares Advisors LLC, an industry leader in developing precisely focused, innovative financial products including exchange traded funds (ETFs), today announced that Joseph L. Schocken, currently a member of XShares Group Board of Managers, has been named Chairman and Chief Executive Officer of XShares Group. Previously, Mr. Schocken had been Chairman and Interim Chief Executive Officer of XShares Group. Jeffrey L. Feldman, a member of the XShares Group Board of Managers and Director and Chairman of the TDX Independence Funds, Inc. Board of Directors, will continue as Founder and Chief Strategist of XShares Group.
About XShares Group LLC
Founded in 2006, XShares Group LLC is the holding company for XShares Advisors LLC, a registered investment advisor and designer of innovative financial products, and XShares Securities LLC, a registered broker-dealer. XShares Advisors introduces novel financial products based on in-house intellectual property, while also creating private-label opportunities for leading financial services firms and index providers. For more information about the XShares Companies, please visit: www.xsharesadvisors.com.
Jeffrey L. Feldman, Founder and Chief Strategist, XShares Group LLC
Jeffrey L. Feldman, Founder and Chief Strategist of XShares Group LLC, a financial services company based in New York, created the intellectual property underpinning XShares Advisors' unique approach to indexed investing, which is patent pending and called "vertical investing." Mr. Feldman has been involved in financial advising, retail brokerage, private equity and teaching for the past four decades.
Joseph L. Schocken, Chairman and CEO, XShares Group LLC
Joseph L. Schocken is the Founder and President of Broadmark Capital, LLC and its predecessor, Broadmark Capital Corporation. With over 30 years as an investment banker, Mr. Schocken has extensive knowledge of the financial services industry.