IndexIQ Signs on Veteran ETF Adviser

January 5, 2009 ( - IndexIQ, developer of index-based alternative investment solutions, announced that Paul Mazzilli has been named Senior Advisor to IndexIQ and a member of the firm's Advisory Board.

According to the announcement, Mazzilli will be assisting in the development of the firm’s new ETF portfolio products for high net worth and institutional investors, including their hedge fund replication products.

Mazzilli has over 35 years experience in the investment business and most recently was an Executive Director at Morgan Stanley and Director of the firm’s ETF Research team covering index-linked ETFs and actively managed closed-end fund companies. Among Mazzilli’s roles at Morgan Stanley was the oversight of Strategic Equity Portfolios (STEP) products and asset allocation models using ETFs.

“Paul Mazzilli is one of the leading analysts in the rapidly evolving field of Exchange-Traded Funds and represents a very strong addition to the IndexIQ team as we build upon our leadership in the alternative investment space,” said Adam Patti, Chief Executive Officer at IndexIQ, in the announcement. “Given Paul’s longtime expertise in developing sophisticated asset allocation models, we are excited to work with him in developing products for the adviser community and we are pleased to have Paul’s vision and insight as a member of our team.”