Ronnee Ades will join FTSE Group on Thursday as business unit head-alternatives, a new position, spokeswoman Jill Mathers said. Ms. Ades was senior director of institutional markets at Dow Jones Indexes, overseeing Dow Jones Wilshire benchmarking, and was executive director of the Dow Jones Wilshire Indexes technical advisory committee, Dow Jones spokeswoman Naomi Kim said in an interview. Ms. Ades left Dow Jones on April 11, Ms. Kim added.
At FTSE, Ms. Ades will oversee alternative asset-class index series for hedge funds, REITs, commercial property, private banking and infrastructure, among others, as well as identifying opportunities in new alternative asset classes, a FTSE statement said. The new position reflects the growth of FTSEs alternative index business, Ms. Mathers said.
Dow Jones is working out details on a search process and hasnt set a timeframe for replacing Ms. Ades.