Montvale, NJ 11.04.08 – Today FocusShares LLC, CEO Erik Liik, announced the addition of two key members to the FocusShares team; Thomas R. Wald CFA., and George Marootian, esq. Mr. Wald will serve as FocusShares Managing Director of Product Development & Strategy. Mr. Wald will spearhead FocusShares product agenda to develop unique (patent-pending) Target Date ETFs. Mr. Marootian has been brought on as FocusShares General Counsel, and will be responsible for all of FocusShares current regulatory requirements as well as driving FocusShares agenda with the SEC for additional regulatory relief.

Mr. Wald brings more than twenty years experience managing mutual fund portfolios and analyzing securities to FocusShares LLC. He has held senior portfolio manager positions at Munder Capital Management and Invesco Funds Group. Mr. Wald brings a wealth of investment knowledge as he has managed several large mutual funds and institutional portfolios over the past ten years. Funds he has managed or co-managed include the Munder Health Care Fund, The Invesco Health Sciences Fund, The Invesco Dynamics Mid Cap Growth Fund and the Invesco Multi-Sector Fund. Tom has an MBA in Finance from the Wharton School and a BA in Political Science from Tulane University. He also holds the Chartered Financial Analyst designation.

Mr. Marootian comes to FocusShares after having been employed by Schering-Plough Corporation for over thirty years where he received broad corporate exposure. Among the many positions he held were Chief Counsel to the Animal Health Division, Chief Counsel to the Consumer Operations, Assistant Secretary of the Corporation, and Legal Director. He served as Secretary to the Pension Committee of the Schering-Plough Board of Directors for thirteen years and provided legal counsel to the in-house pension trust investment department. During his tenure, Mr. Marootian received several commendations for his service, including an outstanding achievement award from the President of the Research Operations for legal counsel provided to a Research project team over a period of five years. He was also a co-founder of the Benefits Counsel Discussion Group, a corporate group that meets quarterly to discuss issues of corporate compliance with ERISA and related IRS regulations. Mr. Marootian received his J.D. from Seton Hall University, and his B.S and M.B.A. from Fairleigh Dickinson University. He is a member of the New Jersey Bar Association.

FocusShares, a company that prides itself on innovation and experience is excited as it works toward its mission focused on delivering investment solutions structured as Exchange Traded Funds. FocusShares, CEO Erik Liik had this to say, “The addition of Tom and George to the team further insures that FocusShares will revolutionize how investors and advisors use ETFs.”

Contact information:

Michael Liik
201.930.8500 ext. 7003
mLiik@FocusShares.com