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Management Team

  • Angela Brickl, President/COO/CCO/General Counsel [Bio]
  • Laura Morrison, Chief Revenue Officer [Bio]
  • Paul Brigandi, Managing Director, Co-Head of Portfolio Management and Head of Trading [Bio]
  • Edward Egilinsky, Managing Director, Head of Sales and Distribution, Head of Alternative Investments [Bio]
  • David Mazza, Managing Director, Head of Product [Bio]
  • Tony Ng, Managing Director, Co-Head of Portfolio Management and Head of Portfolio Strategy [Bio]
  • Andy O'Rourke, Managing Director, Chief Marketing Officer [Bio]
  • Patrick Rudnick, Managing Director, Chief Financial Officer [Bio]
  • Todd Sherman, FRM, Managing Director, Chief Risk Officer & CTO [Bio]

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Angela Brickl
President/COO/CCO/General Counsel

As President, Chief Operating & Compliance Officer, Angie oversees Direxion’s comprehensive enterprise business strategy. In addition to overseeing all sales, revenue, marketing and product executives; she commands the trading, risk, finance, and legal & compliance functions for Rafferty Asset Management, Direxon Shares and Direxion Funds. She is the key executive in charge of all management and business operations responsible for driving scale and growth of the firm.

Angie joined the firm in 2010 as General Counsel and was promoted to Chief Compliance Officer in 2012.  In 2021 she was elevated to Chief Operations Officer. Prior to joining the firm, she held key leadership positions at U.S. Bancorp Fund Services, LLC, and Strong Asset Management, LLC. 

Angie received her undergraduate degree in accounting and finance from Drake University in 1998, and her J.D. in 2010 from the University of Wisconsin Law School.

Laura Morrison
Chief Revenue Officer

As CRO, Laura oversees the sales, marketing and product development teams with a focus on expanding the firm’s strategy, brand reputation and market position in the industry.  Laura joined Direxion in 2022 and, together with the team, works to deliver innovative trading and investment products with an emphasis on client engagement and education.

Prior to joining Direxion, she served as SVP, Global Head of Listings at Cboe Global Markets where she oversaw the Cboe listings business including strategy development for ETP launches and transfers, and market-quality incentive programs.

She began her career working at a specialist firm on the New York Stock Exchange (NYSE) floor. After having spent 20 years in leadership roles at the NYSE, Ms. Morrison left to help build a brand-new stock exchange, BATS (Better Alternative Trading Systems).

Laura is well known and respected within the Global ETF and Exchange industries.  She serves as a board member of the US Women in ETFs board and serves on several ICI and SIFMA committees. Laura is a member of the S&P DJ Indices US Equities Advisory Panel and participated in the World 50 Executive Leader program.

Laura graduated from Western Michigan University with a major in finance and a marketing minor. She also accepted an executive invitation to attend the Executive Leadership Program at INSEAD in Fontainebleau, France. Laura holds a Series 7 license. 

Paul Brigandi
Managing Director, Head of Trading

Paul is responsible for the day to day management, oversight and trading operations of all Direxion Shares and Direxion Funds.

He joined the firm in 2004 and played a leading role in the development and launch of Direxion’s leveraged ETFs in November 2008.  Prior to joining the firm he worked as an Associate Financial Consultant  at FleetBoston Financial.

Paul graduated from Fordham University’s Gabelli School of Business in 2002 with a Bachelor of Science degree in Finance. He currently holds a Series  3, 7,  55 and 66 license and over 10 years of experience in index replication and sophisticated derivatives based strategies.

Edward Egilinsky
Managing Director, Head of Sales and Distribution, Head of Alternative Investments

As Head of Sales and Distribution Ed focuses on global product implementation within the institutional and tactical client segments as well as promoting ETF education and strategy throughout the financial industry. Ed is also responsible for managing the Direxion ETF sales team. As Head of Alternative Investments, Ed’s focus is to drive the firm's product development initiatives, internal and external product messaging, training and support of product delivery. 

Prior to joining Direxion, he served as Managing Director of Business Development at Price Asset Management where his focus was on expanding the company's distribution network and diversifying its product line. Ed was also Managing Director and head of Alternative Strategies at Rydex Investments where he provided leadership to the sales team for alternative strategy initiatives, expanded distribution channels, and effectively branded Rydex, as well, as a recognized provider of alternative investment. Earlier in his career, Ed was Head of US Sales and Marketing for Kenmar Advisory Corporation where he drove domestic asset growth among high net worth and institutional clients.

Ed graduated magna cum laude with a Bachelor of Arts degree in Biology from the State University of New York in Albany. He also holds Series 3, 7, 24, and 63 Licenses.

David Mazza
Managing Director, Head of Product

David leads product R&D, strategy and management for the firm.

Prior to joining Direxion, he was the Head of ETF Investment Strategy at OppenheimerFunds and led the firm’s ETF Investment Marketing and ETF Specialist Teams. Prior to joining OppenheimerFunds, David led product strategy, positioning, and analysis as a Managing Director and Head of ETF and Mutual Fund Research at State Street Global Advisors (SSGA). Prior to that role, he was a member of SSGA’s Global Enhanced Equity Group, responsible for stock-selection research, portfolio management and product strategy; across multiple quantitatively managed investment strategies.

David received his M.B.A. in Finance from the Sawyer Business School at Suffolk University and his B.A. in Political Science and Philosophy from Boston College.

Tony Ng
Managing Director, Co-Head of Portfolio Management and Head of Portfolio Strategy

Tony oversees a team of Portfolio Managers responsible for the Direxion ETF lineup.  His expertise includes the creation and execution to bring a leverage/inverse ETF to market and the daily operations of managing leverage/inverse ETFs. 

Prior to joining Rafferty, he held supervisory roles in the Middle Office groups at Goldman Sachs and Deutsche Asset Management.

Tony received his Masters of Business Administration from the Stern School of Business at New York University and his Bachelor of Science in Business Management from the State University of Buffalo. He currently holds Series 3, Series 7, Series 63, Paper 1 and Paper 2 securities licenses.

Andy O'Rourke
Managing Director, Chief Marketing Officer

As Chief Marketing Officer at Direxion, Andy leads all marketing efforts focusing on building brand and product awareness within the investment advisor community.

Prior to joining Direxion, he was the Director of Distribution Marketing for MassMutual Financial Group's Retirement Services division. Andy has also been employed by State Street Bank, Fidelity Investments, and Emplanet Retirement Services, in various relationship management, product development, and strategic marketing positions.

Andy is a graduate of Miami University in Oxford, Ohio, and has earned a Masters of Business Administration from the F.W. Olin Graduate School of Business at Babson College.

Todd Sherman, FRM
Managing Director, Chief Risk Officer & CTO

Todd is responsible for Rafferty Asset Management’s overall risk management and directing the firm’s technological resources efficiently and securely.

Prior to joining the firm, he worked at a number of hedge funds focused on various systematic strategies with roles across trading, portfolio management, and risk control.

Todd graduated with a Bachelor of Science degree from Villanova University’s School of Business in 2003 where he completed a double major in Finance and Management Information Systems. He is a Certified Financial Risk Manager (FRM), issued by the Global Association of Risk Professionals (GARP). He currently holds a Series 3 securities license.

Patrick Rudnick
Chief Financial Officer

As CFO, Pat is responsible for oversight of all financial matters for the firm, including certification of financial reporting for all products. Pat also has lead responsibility for monitoring operational risk, and internal efficiencies for the firm.

Prior to Direxion, he managed various teams in the Fund Administration department at U.S. Bancorp Fund Services in which he was responsible for financial reporting, compliance, board reporting and expense oversight for a number of clients. Pat was also a key member of the team that helped develop USBFS's ETF servicing model. He served as the Treasurer and Principal Financial Officer for Professionally Managed Portfolios and ETF Series Solutions, both multiple series trusts; and for the Direxion Funds and Direxion Shares ETF Trusts. Prior to U.S. Bancorp, he was an audit manager with PricewaterhouseCoopers LLP, specializing in assessing the internal control structure of investment management companies, investment advisers, and broker dealers.

Pat is a Certified Public Accountant, and received his Bachelor of Business Administration degree in accounting from the University of Wisconsin-Whitewater.