People Moves

Global X CIO exit adds to leadership departures

Joins CEO and COO who departed last November

Lauren Gibbons

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Global X's CIO and head of finance are both set to leave their positions as the ETF provider continues to see departures from senior management positions.

Both CIO Jon Maier and head of finance Ronnie Riven have stepped down, a Global X spokesperson confirmed.

“Both Jon and Ronnie have made invaluable contributions to Global X since joining the firm, and both have agreed to stay on with the company for a transition period,” the spokesperson said in a statement.

Maier has been with the firm since 2017, joining from Merrill Lynch, where he was head of ETF strategy for over a decade. Prior to Merrill Lynch, he held positions with UBS and PaineWebber.

Riven joined Global X in 2018, where he was director of finance before becoming chief financial officer in November 2023.

This development adds to a series of high-level departures that the ETF provider experienced towards the end of last year. 

Global X’s CEO Luis Berruga and chief operating officer John Belanga both departed last November.

Berruga oversaw Global X’s ETF market share doubling, its entry into European ETFs in December 2020 and the acquisition of ETF Securities Australia in July 2022 during his time as CEO.

Berruga was replaced by interim CEO Thomas Park who is a Global X board member and co-CEO of the US arm of parent company Mirae Asset Global Investments.

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