IndexIQ's management team is comprised of seasoned executives with a long track record of success in developing and distributing innovative investment solutions designed to serve the needs of investors.
Salvatore J. Bruno
Salvatore J. Bruno
Chief Investment Officer and Managing Director
Sal is Chief Investment Officer at IndexIQ, where his primary responsibility includes developing and maintaining the firm's investment strategies. Sal joined IndexIQ in 2007 from Deutsche Asset Management (DeAM) where he held a number of senior positions. Most recently, Sal was a Director and Portfolio Manager for a US large cap core equity mutual fund with approximately $6bn in assets under management. The fund's strategy combined traditional fundamental equity research with a multi-factor quantitative model in a disciplined, risk managed process.
Prior to becoming Portfolio Manager, Sal was the Head of Advanced Quantitative Research at DeAM. Sal directed the quantitative research effort to support numerous products including quantitative equity strategies, global asset allocation, passive risk-based alternative beta portfolios, and probabilistic efficient frontiers. He also co-developed the strategy to combine fundamental and quantitative research into a single portfolio. This strategy became widely used to manage several equity strategies within DeAM including the mutual fund for which Sal would subsequently become a portfolio manager.
Sal earned a BS in Applied Economics & Business Management from Cornell University and an MBA degree in Finance and Economics from New York University Leonard N. Stern School of Business. He is a member of the NYSSA and the CFA Institute. He also holds the Series 7 and Series 63 licenses.
Chief Operating Officer
Jon Zimmerman, Chief Operating Officer of IndexIQ, formerly of New York Life Investments' Product Development Group, is responsible for ETF product development across the retail and institutional channels. Prior to joining New York Life in 2015, Jon worked for Morgan Stanley, serving both its Equity Capital Markets and Wealth Management divisions. Jon received his BA in Economics from New York University.