Tuesday, May 7, 2013

Direxion Appoints Patrick Rudnick

Direxion announced that Patrick Rudnick has been appointed chief financial officer. Rudnick was most recently a vice president in the Fund Administration division of U.S. Bancorp Fund Services, where he oversaw the fund servicing operations including financial reporting, compliance, board reporting and expense oversight for Direxion Funds and Direxion Shares, and other clients for several years. In his new role, Rudnick will report to Eric Falkeis, chief operating officer of Rafferty, and oversee the financial, compliance, and risk oversight aspects of Direxion’s business. He will also join Direxion’s senior planning team. Rudnick has more than 16 years of experience in the financial services industry. He began his career as a fund accountant at U.S. Bancorp. Rudnick served as an audit manager with PricewaterhouseCoopers before rejoining U.S. Bancorp in 2006. He holds a Certified Public Accountant (CPA) designation. -PR Newswire