NEWYORK, March 20, 2017 - OppenheimerFunds, a leading global asset manager, today announced that it has made a key appointment to its Beta Solutions Leadership Team. David Mazza has joined the firm as Head of Beta Solutions Investment Marketing and ETF Specialists. He will be based in New York and report to Sharon French, Head of Beta Solutions, OppenheimerFunds.

Mazza will lead OppenheimerFunds’ Beta Solutions Investment Marketing and ETF Specialist teams. In this role, he will help drive strategic and sustainable growth for the firm with product and market insights to provide actionable solutions for our clients.

“We’re delighted that Dave joins our industry-leading team,” said French. “Dave brings great ETF insights to our expanding business, and that coupled with our Distribution team’s client-centric approach, makes a powerful combination towards serving our end-investors.”

Mazza joins OppenheimerFunds from State Street Global Advisors where he led product strategy, positioning and analysis as Head of ETF and Mutual Fund Research. During his 12 years at SSGA, Mazza worked in the investments and distribution organizations, where over time he assumed additional management responsibilities while helping to drive sales and grow assets under management. Mazza was also responsible for developing thought leadership and research that drove client engagement and awareness for the firm’s ETF business.

In addition to Mazza, OppenheimerFunds recently announced significant ETF hires: Alex Depetris, Chief Operating Officer of Beta Solutions, and Mo Haghbin, Head of Product, Beta Solutions. They joined Michael Eschmann, OppenheimerFunds’ Beta Solutions Head of Capital Markets, and Vince Lowry, Lead Portfolio Manager of OppenheimerFunds’ Revenue Weighted offerings.

The suite of Oppenheimer Factor Weighted ETFs includes:

Oppenheimer’s fundamental weighted ETFs offer a unique way for advisors, wealth managers, and consultants to access broad market exposure in a more optimal way than traditional market capitalization strategies. By weighting securities in broad market indices based on top line revenue rather than market capitalization, the fundamental weighted strategies offer the opportunity to reduce overexposure to overpriced sectors and stocks while still providing diversification.

In 2016, OppenheimerFunds expanded its Beta Solutions client offerings into the environmental, social and governance (ESG) space. The firm launched Oppenheimer ESG Revenue ETF (ESGL), which focuses on U.S. large-cap equities with highly rated ESG practices, and Oppenheimer Global ESG Revenue ETF (ESGF), which focuses on global large- and mid-cap equities with highly rated ESG practices. To further enhance the value proposition for clients, the firm also reduced the contractual management fees for five of its Revenue Weighted ETFs.