FTSE Group (“FTSE”), the award winning global index provider, today announces the appointment of David Hobbs, Director of FTSE Group, as Chairman of the FTSE Policy Group. The FTSE Policy Group is the senior FTSE practitioner committee, which reviews the ongoing management of all FTSE indices and advises FTSE Group on strategic index and investment-related issues.
FTSE committees are made up of leading investment market professionals from around the world who serve in a voluntary capacity providing a credible “voice of the market” which FTSE can rely upon to offer informed and expert advice. The committees ensure that all FTSE products and services reflect their underlying market and that FTSE index ground rules meet the highest standards of the industry. Expert industry opinion also lends substance and authority where FTSE is required to make complex decisions.
David Hobbs has been a Director of FTSE Group since July 2006, following a career at UBS spanning 38 years and culminating in the position of Managing Director and Global Head of Passive Investment at UBS Global Asset Management. During his career at UBS, David worked closely with FTSE, chairing a number of FTSE practitioner committees, including the FTSE Equity Indices Committee which at that time was responsible for oversight of all FTSE’s major equity indices.
Mark Makepeace, Chief Executive FTSE Group, said today: “David has extensive experience both as a market practitioner and as a FTSE committee member and will ensure that all FTSE indices continue to meet the constantly evolving needs of investors globally. We welcome him as the new Chairman.”
David is also a Fellow of the Chartered Institute for Securities & Investment, an Affiliate member of the UK Society of Investment Professionals and was awarded an Honorary Fellowship of the Faculty of Actuaries in June 2006.
