Executive Board
AdvisorShares Investments, LLC
Greg Webster
Mr. Webster brings over 20 years of management experience throughout the financial services, brokerage and insurance industries, including extensive global wealth leadership experience. Prior to his current position at Fund.com, Mr. Webster was the President and CEO of HSBC Brokerage (USA) Inc., one of the largest banks in the world, where he was responsible for approximately $32.5 billion of client assets. Mr. Webster additionally held a seat on the Board of HSBC Asset Management (Americas) and served as Head of Securities of HSBC North America. In the latter role, Mr. Webster served on the board of directors and oversaw all the wealth management advisory services of HSBC Securities (Canada) Inc. and Merrill-Lynch HSBC (Canada) Inc., and was responsible for trading and execution services for HSBC subsidiaries and international affiliates.
David G. Nichols, Jr.
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David G. Nichols, Jr. is currently of Counsel to Cahill/Wink. Mr. Nichols’ expertise focuses on business and finance transactions including mergers, acquisitions, divestitures, partnerships and joint ventures; formation of private investment funds (hedge, private equity, venture capital and funds of funds); and representation of complex financial institutions, including investment banks, broker-dealers and institutional investors.
Mr. Nichols was a partner in the New York City office of Morgan, Lewis & Bockius LLP from 1993 to 2008, and previously was associated with Shearman & Sterling LLP in New York. He has represented Citibank, J.P. Morgan, Jefferies & Company, Daiwa Securities, Credit Suisse, Merrill Lynch, National Discount Brokers, Fidelity, Financo and Bank of New York Securities in acquisitions, divestitures and financial advisory engagements, and has handled significant cross-border transactions for Finmeccanica, International Verifact, Duty Free International, Airtours plc, Goodman Fielder and others.
Prior to his law career, Mr. Nichols worked on federal energy policy matters as a staff member in the U.S. Senate and an official of the U.S. Department of Housing and Urban Development.
He graduated with honors from George Washington University Law School, and magna cum laude from Dartmouth College, where he was elected to Phi Beta Kappa.
Noah Hamman
AdvisorShares ETF Trust
Paul Aaronson – Independent Trustee
Mr. Aaronson is a senior executive with 25 years financial services experience, including significant leadership and management roles. Mr. Aaronson has expertise in asset management and product development, marketing and management. Mr. Aaronson also has ten years in private and in-house securities and business law practice, and has extensive experience in domestic U.S. and international markets and securities law environments. Mr. Aaronson is currently a Managing Member of Stone Keep Capital Management, and was previously the CEO of Plus Funds Group, Inc. and an Executive Managing Director at Standard and Poor’s where he was responsible for S&P global business unit covering the global indexing business and the investment advisory business.
Elizabeth Piper/Bach, JD, CIMA®, CFP® – Independent Trustee
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Elizabeth (Betsy) Piper/Bach brings a wealth of insight and experience in the financial services industry. Ms. Piper/Bach, an experienced financial services executive, has lead new product development and company mergers/acquisitions in the financial services sector while specializing in new regulations and challenges of the ever changing securities industry.
Ms. Piper/Bach is currently serving a two-year term as the Investment Management Consultants Association (IMCA) vice president. She has been a director of the organization for five years and a member of the Finance, Audit, and Investment Committee, Personnel Committee, Certification Committee, Investments & Wealth Monitor Editorial Advisory Board as well as the Journal of Investment Consulting Editorial Advisory Board.
Ms. Piper/Bach is the Vice President, NADA Retirement Administrators Inc., a subsidiary of the National Automobile Dealers Association providing investment choices, recordkeeping and plan administration for retirement plans of all types nationwide. NADA RAI has $2.4 billion of assets under administration. Previously she was president of Cardinal Trust and Investment Services, and chief investment officer for Wilson/Bennett Capital Management, senior vice president and chief trust officer at FBR National Trust Co., chief investment officer of Money Management Advisors, Inc., managing director for FOLIOfn, Inc., president and chief executive officer of Brenton Investments, and chief financial services officer at Brenton Bank. She also has held positions with John G. Kinnard & Co. and Dain Bosworth, Inc.
Ms. Piper/Bach earned a B.S. in special education from St. Cloud University, an M.Ed from George Washington University, and a JD from The Catholic University of America Columbus School of Law. She has been a member of the New York Stock Exchange Item Writing Committee, an active member of the Securities Industry Association, the Financial Planning Association, the American Bankers Association, and American Bar Association.
Noah Hamman – Interested Trustee