Direxion, a leading provider of Leveraged and Inverse ETFs, has announced the appointment of Mo Sparks as its new Chief Product Officer. This strategic move underscores the company's dedication to innovation and growth in the global ETF marketplace. Sparks' extensive experience in ETF product development and strategic growth is expected to play a pivotal role in Direxion's future endeavors.
With a career that includes significant roles at Raymond James Investment Management, the New York Stock Exchange, and Vanguard, Sparks has a proven track record of driving product expansion and facilitating market entry. His achievements include launching Raymond James' ETF business and aiding over 125 asset managers in entering the ETF market during his time at NYSE. These accomplishments highlight his capability to lead Direxion's product development efforts.
Direxion CEO Douglas Yones expressed confidence in Sparks' ability to contribute to the company's mission, citing his visionary leadership and deep expertise in ETF innovation and global capital markets. Sparks, a Clemson University graduate with a Bachelor of Science in Financial Management and a Certified ETF Advisor, shared his enthusiasm for joining Direxion. He emphasized the company's pioneering role in derivative-based ETFs and his commitment to advancing product education and innovation to serve active traders worldwide.
Sparks' involvement in industry thought leadership, including speaking engagements at ETF conferences and participation on alumni boards, further demonstrates his dedication to the ETF sector. His strategic vision is anticipated to accelerate Direxion's product development and solidify its standing in the competitive ETF landscape. For more information on Direxion's innovative ETF solutions, visit https://www.direxion.com.
This appointment signals Direxion's ongoing commitment to delivering sophisticated investors with precise, purpose-built ETF solutions designed for strategic market perspective management and risk exposure control. Sparks' leadership is expected to guide the company through its next phase of growth and innovation in the ETF market.
