PowerShares Capital Management has hired Robert C. Brooks of State Street Global Advisors, in an effort to further strengthen its upper management team. Brooks joins the company as senior vice president and national sales manager.
"Bobby's move to PowerShares is a tremendous win for us. His extensive financial sales management experience has uniquely equipped him with the ability to significantly contribute to PowerShares' aggressive growth goals," said Bruce Bond, PowerShares president. "His extensive experience selling a broad product mix including ETFs, mutual funds and separately managed accounts will bring tremendous value as we integrate PowerShares with the enormous global distribution capability of Amvescap and AIM."