Motivated in part by the firm’s push into the independent broker/dealer market, Rydex has added two positions to its marketing staff; the firm has hired Lou Foran as EVP, sales and marketing and Ramy Shaalan as market research analyst.

Foran comes most recently from Legg Mason, where he was SVP, director of sales and marketing for the firm’s private client group. He now reports to Skip Viragh, president of Rydex, taking the reins of marketing management from Rob Steele, who held the title of EVP of marketing and product development and will now devote his attention to product development.

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