NEW YORK, Aug. 7, 2018 /PRNewswire/ -- Astoria Portfolio Advisors announces that David N. Clark has joined as President and Head of Business Development. Mr. Clark has over 25 years of global leadership experience in the Exchange-Traded Fund (ETF), Derivative and Finance industries, in both product and business development roles, at some of the world's top investment firms.
"David brings a strategic approach, deep insights, a global network and an intense client focus to Astoria," said John Davi, Founder and Chief Investment Officer of Astoria Portfolio Advisors. "His strong leadership background in both product and business development will provide great value to our customers."
He spent the first 18 years of his career at Merrill Lynch (subsequently Bank of America), holding various institutional sales management and business development positions in London and New York. During this period, Mr. Clark led European distribution of Convertible Bond, Equity Derivatives and ETFs; he was also Head of Bank of America's Americas Equity Finance, Delta One, Stock Loan and International Derivative Distribution groups. Subsequently, Mr. Clark spent six years at Société Générale S.A., leading the firm's Global Securities Financing group's U.S. sales efforts, including ETF, Swap, Repo and Structured Financing products. Mr. Clark graduated from Villanova University with a BA in Economics and currently serves on the school's President's Advisory Council.
"I am thrilled to join and help lead Astoria in their early but already significant growth phase," said Mr. Clark. "I have known John for nearly two decades as a thought leader in the construction of ETF portfolios, and look forward to leveraging Astoria's quantitative and focused approach to help customers."
Mr. Davi has 19 years of experience spanning Macro ETF Strategy, Quantitative Research and Equity Derivatives. Most recently, he was Head of Morgan Stanley's Institutional ETF Content, where he advised many of the world's leading investment management firms in quantitative ETF portfolio construction and implementation.
About Astoria Portfolio Advisors
Astoria Portfolio Advisors LLC is a New York-based asset manager that specializes in Quantitative and Cross Asset ETF managed portfolios. Astoria's competitive edge is our in-house research, our deep portfolio constructive background, and our ETF product expertise. Astoria's ETF portfolios are stress-tested through rigorous models to understand portfolio risks and to help determine when risk budgets should be expanded or minimized. Founded in July 2017, Astoria oversees $140 million in assets under management and advisement as of July 31, 2018. For more information, go to https://astoriaadvisors.com.
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SOURCE Astoria Portfolio Advisors