David Jaffin

David Jaffin

Chief Financial Officer

Mr. Jaffin has extensive experience both in public and private companies, fund management, and in private equity investing. From its founding in 2005 until its sale in 2010, he was Chief Operating Officer of XShares Advisors LLC. He was the first partner to join XShares after its founding and helped raise the start-up capital and the first institutional round of financing. He was responsible for the company’s and its fund operations, including the launch of three ETF series: HealthShares, AdelanteShares, and TDX Independence Funds, plus a related ’33 Act fund specializing in carbon credits, AirShares; he also worked closely with the company’s Chief Compliance Officer on regulatory issues. He had primary interface responsibilities with the company’s suppliers and partners, including the Bank of New York, Kellogg Capital, Goldman Sachs, NYSE, and Paul Hastings.

After XShares was sold to Deutsche Bank in 2010 Mr. Jaffin became a consultant to Deutsche Bank. His responsibilities included transition/onboarding issues and development of compliance and other infrastructure in preparation for the bank’s launch of its own exchange traded funds.

From 1998 to 2005, he was first Vice President and then President and CEO of Technical Coatings Laboratory, a manufacturer of specialty paints and coatings in Avon, CT. Mr. Jaffin arranged for the financing to buy out the original owner, and increased reve- nues, operating profitability, and production capacity. Its major customers included Hallmark Cards, Dunlop-Maxfli, and Acushnet (Titleist).

From 1992 to 1998 he was CFO of HoloPak Technologies, Inc., a manufacturer of specialty coatings, which was traded on NASDAQ. Previously, he also was a Vice President at Bradford Ventures Ltd., a leveraged buyout firm affiliated with Bessemer Securities Corporation. Earlier he worked as an auditor for Arthur Andersen & Co.

Mr. Jaffin, a resident of Woodbury, Connecticut holds a BA, cum laude, from Harvard College, and an MBA from New York University. He is a Certified Public Accountant in the State of New York.

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