Ken Bossen was named director of exchange-traded funds business development at MainStay Investments, spokeswoman Nicolle Gallo said.
The position is new. Mr. Bossen joined the firm’s institutional intermediary business, providing coverage and thought leadership to ETF analysts, portfolio construction teams and investment strategists. He also will focus on leveraging MainStay’s suite of IndexIQ ETF solutions and work to grow IndexIQ’s platform and model presence.
Mr. Bossen will report to John Lloyd, managing director and head of the research platform group for MainStay's institutional intermediary business.
Previously, Mr. Bossen was vice president and head of ETF portfolio strategy and due diligence at State Street Global Advisors. It could not be learned by press time if he was replaced; SSgA spokesman Andrew Hopkins could not be immediately reached for comment.
MainStay Investments, a subsidiary of New York Life Co., had $77.4 billion in assets under management as of June 30.