In 2014, ETFMG was founded by Sam Masucci with a vision of developing innovative thematic ETFs that provide investors unique exposure to new markets. Today, the ETFMG fund lineup provides access to a diverse collection of global themes and is comprised of 75% first to market products.
What sets us apart is our continued ability to strategically evolve.
The ETFMG Leadership Team
Chief Executive Officer and Founder
Mr. Masucci has more than 25 years experience in investment banking, structured product development, sales and trading. In the last 5 years, he founded ETF Managers Group (ETFMG) to revolutionize the exchange traded fund market place. Sam’s leadership has already led to the successful launch of 14 funds and $2B+ in assets. His unique approach to the ETF go-to-market process and post launch management is setting the bar in this quickly evolving industry. Prior to ETFMG, he has held senior positions at Bear Stearns, UBS, SBC Warburg, and Merrill Lynch and has a proven track record of creating, building and managing businesses for the issuance, sales and trading of: ETFs, index products, commodity products, hedge funds, ABS, and OTC structured products in the U.S. and Europe. He has significant experience in asset management product sales to institutional investors including pension funds, consultants, insurance companies and hedge funds as well as to broker dealer networks and RIAs.
- ETFMG’s managed fund, HACK, received industry recognition as the most successful ETF launch for 2015 earning over $1billion dollars in its first 6 months
- Co-founded and led MacroMarkets LLC an innovative ETF and financial products firm.
- Managed over $1.7B in assets through the first “paired” ETF products.
- Awarded 11 financial product patents.
- Received William F. Sharpe Achievement award for most innovative benchmark index
- Awarded 2008 Time Magazine best invention for U.S. housing ETF
President and Founder
Bernard Karol is a co-founder of ETF Managers Group and is President of the firm. He is a member of the New York bar and an inactive member of the California bar. He was previously the principal of The Fiduciary Group, a consulting firm, where he originated transactions that added significant new AUM for investment management firm clients. He also served as a Managing Director at MacroMarkets LLC with Mr. Masucci. Before that he was a partner at the Wall St. law firm of Carter, Ledyard & Milburn where he focused on financial services, derivatives and exchange traded funds. He was a senior member of the legal team that developed and registered the initial I-Shares. He is the author of numerous articles on investment management topics and is a graduate of the Notre Dame Law School.
Chief Financial Officer
Mr. Flanagan serves as Chief Financial Officer of ETF Managers Group and each of the exchange traded funds managed by ETFMG. Mr. Flanagan has extensive experience with asset management companies, including thirty years of public accounting experience with Ernst & Young and PricewaterhouseCoopers where, as a partner, exclusively served investment management industry clients. He has broad industry experience having served as Treasurer of a major mutual fund organization, and has served as Chief Financial Officer of a private equity firm. Mr. Flanagan was Chief Financial Officer of MacroMarkets LLC, an exchange traded fund issuer from January 2007 to December 2010. Since June 2014, Mr. Flanagan has served as an Independent Trustee and Audit Committee Chair of Absolute Shares Trust, an unaffiliated multi-series exchange traded fund. Mr. Flanagan is a Certified Public Accountant.
Chief Investment Officer
Frank Vallario is currently the Chief Investment Officer for ETF Managers Group. He is responsible for the portfolio construction, trading, risk management and portfolio analysis processes associated with ETF strategies. Before his current role at ETFMG, Frank has had a variety of senior roles over his 25-year career in financial services.
Before joining ETF Managers Group, Frank was with OppenheimerFunds where he was Head of Equity Portfolio Management for the Firm’s Smart Beta ETFs (Invesco acquired OppenheimerFunds in May, 2019). His role before joining OppenheimerFunds in 2017 was a Senior Portfolio Manager at ColumbiaThreadneedle where he was responsible for the day to day management of the firms ETF business which was acquired from his previous firm, Emerging Global Advisors (EGA). Prior to that, he was relationship manager at MSCI responsible for providing investment solutions to complex problems using MSCI Barra’s fundamental models and portfolio construction tools. Previously, Frank was a partner in a start-up asset management firm where he served as the director of portfolio management. Frank began his career at UBS Global Asset Management where he spent over a decade in various quantitative portfolio management equity roles including equity market neutral, tactical asset allocation, structured active equities, enhanced index, passive management and factor research.
Frank serves on the Investment Committee for the Girl Scouts of Connecticut and is an University Affiliate at the University of Utah – David Eccles School of Business. He received a B.S. in Finance from Lehigh University and a M.B.A. with a concentration in Finance from Rutgers University.
Reshma A. Tanczos
Chief Compliance Officer
Mrs. Tanczos was previously a Partner at Crow & Cushing, a Princeton-based securities law firm, counseling clients in the financial services and money management industry. Mrs. Tanczos has broad experience in U.S. Securities and Exchange Commission, Commodity Futures Trading Commission, National Futures Association and FINRA compliance, including all types of registration and regulatory matters.
Mrs. Tanczos has also worked at the NYSE and FINRA and was a law clerk to the Honorable Philip L. Paley, Superior Court of New Jersey, Law Division and, prior to that, was an extern for the US Attorney’s Office in Cleveland, Ohio. Mrs. Tanczos is an active member of 100 Women in Hedge Funds and is also involved with the Oliver Scholars Program.
Mrs. Tanczos received a B.S. from The George Washington University and a J.D. from Case Western Reserve University School of Law and is admitted to the New Jersey and New York state bars.
Chief Marketing Officer
Mrs. Vanderslice has over 12 years’ experience in digital & social media marketing, content strategy & creation, integrated marketing, event activation, video production and multi-platform analytics. She focuses on the ETFMG and client brand and product strategy related to content, PR/media opportunities, and event activations. Additionally, she is a member of the Forbes Communications Counsel and a Forbes Contributor.
Prior to joining ETFMG, Tricia shaped the voice and digital/content strategy at USA Swimming/Olympics, Duty Free Americas, Ironman Triathlon (WTC), and all associated global and national sponsors of these businesses spanning all verticals including consumer goods/electronics, finance, automotive, medical and apparel.
Head of ETF Operations
Nikolas serves as ETFMG’s Head of ETF Operations where he oversees all aspects of the ETF portfolio administration and operation process. Prior to ETFMG, Nikolas held leadership positions in research and data management.
He received a degree in Economics from Rutgers University.
Global Head of ETF Sales
Robert has extensive experience in helping large money managers efficiently gain exposure and reduce risk at the lowest total cost. His 30+ years of experience encompass equity, fixed income and structured derivatives. While living in London, Robert actively managed global sales teams and executed services across Europe and Asia. Having been involved in the earliest days of ETF creation and trading, Robert’s industry experience has been of great value at ETF Managers Group (ETFMG).
Market Segment Experts
Cannabis Research and Banking Expert
With over 20 years of experience in the asset management, finance and structured product space, Jason has a track record of bringing hard-to-access asset classes to market.
Jason has held leadership and senior positions at several leading financial institutions. Most recently, Jason was Senior Vice President at INFOR Financial Inc. INFOR is a leading boutique investment bank based in Toronto, Canada that has worked in connection with a number of companies in the legal cannabis industry, including acting as advisor to Canopy Growth Corporation in connection with entering into its strategic relationship with Constellation Brands.
Jason has also worked at the investment banking divisions of Société Générale, France’s third largest bank, and at CIBC, one of the five largest banks in Canada. While at Société Générale and CIBC, Jason provided asset managers and financial institutions with various capital raising, financing and risk mitigation solutions and strategies.
Jason has an LLB from the University of Western Ontario. Prior to completing his university studies, Jason was a member of the Canadian Forces and is a recipient of the Gulf of Kuwait Medal, awarded for his engagement in direct combat during the Gulf War in 1991.
Bond Market Expert
Bryce Doty is a Senior Vice President with Sit Fixed Income and Senior Portfolio Manager of the taxable bond portfolios for the firm’s custom separately-managed accounts, private investment funds, and mutual funds. Bryce oversees the firm’s team of taxable bond managers, analysts, and traders.
Prior to joining Sit Investment Associates in 1995, Bryce gained extensive experience during his seven years with Minnesota Mutual in management consulting, serving as the due diligence officer for broker/dealer operations and as head of the public bond trading desk. His responsibilities also included analyzing and monitoring all total return corporate credits.
Bryce earned his M.B.A. degree, with a concentration in finance, from the Carlson School of Management at the University of Minnesota in 1992. He earned a B.A. degree in business management, with minors in physics and psychology, from Hamline University in 1988. Bryce is a CFA charter holder.
Bryce currently serves on the Board of Trustees for Hamline University in St. Paul, Minnesota.
Cybersecurity Market Expert
ROBERT SICILIANO CSP, is a #1 Best Selling Amazon.com author, CEO of Safr.Me, and the architect of the CSI Protection certification; a Cyber Social and Identity Protection security awareness training program.
Robert is a security expert and private investigator fiercely committed to informing, educating and empowering people so they can protect themselves and their loved ones from violence and crime in their everyday lives, both in their physical and virtual interactions.
For more information on Robert visit: https://safr.me/
Shipping Industry Expert
From 2011 to 2017, John was a Senior Portfolio Manager at Carlyle Commodity Management, a commodity-focused investment firm based in New York and part of the Carlyle Group. He was responsible for the firm’s shipping and freight investments. During his tenure, he managed the one of the largest freight futures funds globally. Prior to this role, John was a Co-Founder and Portfolio Manager of Sea Advisors Fund, an investment fund focused on shipping. From 2004 to 2009, John was the leading Transportation Analyst at Citi Investment Research covering the broader transportation space including shipping. Prior to that, John was an Equity Analyst focusing on shipping and energy for Standard & Poor’s Investment Research. John sits on the Board of Seanergy Maritime, a publicly-traded dry bulk shipping company. John received his MBA from the Simon School of Business, University of Rochester.
Global Video Game Tech Expert
Ted Pollak is the Founder and President of EE Fund Management LLC. The Company was formed in 2004 to act as a general investment manager (a California Registered Investment Advisor) and also to manage The Electronic Entertainment Fund LP (a Delaware sector focused investment partnership). Mr. Pollak also created EEndex (the world’s first video game industry equity index) and the EE Fund Video Game Tech Index (an ETF optimized video game industry equity index). Additionally, Pollak is a Senior Gaming Industry Analyst for Jon Peddie Research, a Tiburon California based market research and consulting firm and is an Entertainment Technology Expert for the Gerson Lehrman Group Council, an independent primary research firm serving business and investment leaders in North America, Asia and Europe.
Pollak has been in the financial products and services industry for 21 years, and has worked in operational and financial management, equity trading, relationship management, marketing, and investment system operations at various firms including Wells Capital Management, SDR Capital Management, Osborne Partners, and Robert W. Baird. Mr. Pollak also has experience from Hambrecht & Quist and other investment industry companies.
Mr. Pollak holds a degree in history and business from CSUC and an Eastern Michigan University overseas program spanning 15 countries. He holds the NASD Series 65 License, and has passed the NASD Series 7, NASD Series 63, and CFA Level I exams.
ESG and Climate-Efficiency Expert
Ian is Etho Capital’s President and CEO, as well as a lecturer at Stanford University, where he teaches courses on renewable energy, climate change and supply chain sustainability. Ian is also the founder of Oroeco, an award-winning web and mobile platform that rewards users for helping solve climate change. Ian is an Echoing Green Fellow and one of TechRepublic’s top 8 leaders in cleantech. Ian consults and speaks about climate accounting and solutions for the United Nations and the U.S. Department of State, drawing from his research at Stanford and his experiences working on sustainable technology in over two dozen countries around the world.
Our Service Partners
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We are always looking for new talent to join the ETFMG team.
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