Exhibit 99.1
WisdomTree Adds Seasoned Financial Services Executive
Harold Singleton III to Board
Third New Independent Director in Three Years
New York, NY—(GlobeNewswire) – January 23, 2022 – WisdomTree Investments, Inc. (NASDAQ: WETF), an exchange-traded fund (“ETF”) and exchange-traded product (“ETP”) sponsor and asset manager, today announced that Harold Singleton III, an executive with more than 30 years in the investment management and financial services industry, has been appointed to WisdomTree’s Board of Directors. With this appointment, the Board expands to seven directors, six of whom are independent.
Since 2019, WisdomTree has added three independent directors. Mr. Singleton joins Susan Cosgrove and Smita Conjeevaram as the newest directors, each of whom provides a fresh perspective with a focus on driving shareholder value. WisdomTree’s seven directors all possess significant and extensive experience relevant to WisdomTree’s business strategy, including global financial, accounting and compliance expertise, and many years in senior leadership positions in the investment management and financial services industry.
Frank Salerno, WisdomTree Chair of the Board, said, “The Board is delighted to welcome someone of Harold’s caliber as a new independent director. He embodies smart, strategic leadership coupled with expertise that spans global markets, ESG and diversity, equity and inclusion. Harold’s professional focus aligns perfectly with WisdomTree’s own priorities of sustainability, innovation and creating the best investment solutions for clients. We are confident he will bring significant value to WisdomTree and our shareholders.”
Jonathan Steinberg, WisdomTree CEO, said, “Harold joins our Board at an exciting time for WisdomTree as we continue to build on the strong momentum in our asset management business, capturing more of the ever-growing ETP pie through new and existing products and solutions, as evidenced by $4.9 billion in 2021 net flows and more than $500 million in 2022 inflows to date, bringing our total assets under management to $77 billion.”
About Harold Singleton III
Mr. Singleton was most recently Vice President, Managing Director/Head of Manager Selection and Portfolio Construction of Lincoln Financial Group (NYSE: LNC), which operates multiple insurance and retirement businesses, and previously as Vice President/Head of Client Portfolio Management from 2014 to 2016. He served as an independent director and member of the Investment Committee of The Vantagepoint Funds from 2013 to 2014, and prior to that, he held multiple investment management roles at PineBridge Investments (formerly AIG Investments) from 2007-2012, most recently as Managing Director/Head of Asset Management Companies and Global Head of Retail and Intermediary Sales. Mr. Singleton also served as Chairman of PineBridge East Africa and PineBridge Taiwan. His investment management career also includes multiple equity portfolio management and analyst positions at well-known firms, including UBS Global Asset Management from 2003 to 2006, Metropolitan West Capital Management from 2000 to 2003, and Brinson Partners from 1996 to 2000, prior to its acquisition by UBS Global Asset Management.