DALLAS, April 4, 2019 /PRNewswire/ -- Alerian, the leading provider of energy infrastructure indices, today announced that its Board of Directors is appointing David LaValle as the company's next chief executive officer, effective May 2019. LaValle's appointment comes as departing president and CEO Kenny Feng transitions from day-to-day leadership of Alerian to a Board and advisory role.
LaValle joins Alerian with two decades of experience in the financial services industry. Bringing deep knowledge of the exchange-traded fund (ETF) ecosystem, LaValle has worked diligently to enhance the efficiency and resiliency of the ETF and broader equity markets. He has been instrumental in the advancement of the ETF industry through his focus on innovation, education and regulatory engagement.
"David has been a champion of the ETF industry and has worked tirelessly on its innovation and evolution for the past 20 years. His industry knowledge is unmatched, and he is ideally suited to guide Alerian through its continued growth and success as a recognized index, data and research leader," said John Jacobs, Chairman of Alerian's Board of Directors. Jacobs added, "Kenny has given his heart and soul to Alerian for more than a decade, growing the business since inception into the market leader it's known as today. We'd like to thank him for his many years of passion and commitment to the firm and look forward to benefiting from his ongoing involvement as a member of the Board."
"Alerian has established an enviable leadership position in the energy infrastructure indexing space. I look forward to leading the company through its next phase of growth, working to expand the range of products and services the firm offers," said LaValle.
Previously, LaValle served as US Head of ETF Capital Markets at State Street Global Advisors. LaValle has also held senior positions at Nasdaq and Kellogg Group where he led businesses on the American Stock Exchange and New York Stock Exchange.
"It has been an incredibly rewarding experience to participate in Alerian's growth over the last 15 years. There remain tremendous opportunities in both the indexing and energy infrastructure spaces, and with his background and expertise, David will enable Alerian to continue innovating and drive further growth," said Feng.
Alerian equips investors to make informed decisions about energy infrastructure and Master Limited Partnerships (MLPs). Its benchmarks are widely used by industry executives, investment professionals, research analysts, and national media to analyze relative performance. As of March 31, 2019, over $13 billion is directly tied to the Alerian Index Series through exchange-traded funds and notes, separately managed accounts, and structured products. For more information, including index values and constituents, research content, and announcements regarding rebalancings, please visit alerian.com.