ProShares Expands Leadership Team with New Managing Directors
ProShares, a premier provider of exchange-traded funds (ETFs), is taking significant steps to enhance its leadership structure. With the recent appointment of industry veterans Mo Haghbin and Mara Shreck as Managing Directors, the firm is strategically positioning itself for future growth and innovation in the ETF space.
Introducing Mo Haghbin: A Veteran in the ETF Industry
Mo Haghbin joins ProShares with an impressive background, previously serving as the Global Head of Investment Solutions at Invesco. He brings a wealth of experience, having overseen an investment platform boasting over $100 billion in assets. His extensive expertise includes senior roles at renowned firms like OppenheimerFunds and BlackRock.
At ProShares, Mr. Haghbin will lead efforts to grow the firm's range of Strategic ETFs. These ETFs are vital for providing investors with diverse investment opportunities. ProShares currently manages various ETF suites such as Covered Call, Dividend Growth, Ex-Sector, Thematic, and Interest Rate Hedged Bond ETFs, which play an instrumental role in investor portfolios.
Strategic Innovation and Growth Under Haghbin’s Leadership
Expressing his enthusiasm, Mr. Haghbin remarked, "I’m thrilled to partner with such a talented group of colleagues at ProShares. We aim to write the next chapter for the firm, focusing on the growth of Strategic ETFs that successfully support investors across different market cycles." His vision places ProShares on a path of innovative ETF development, particularly highlighting the recently successful covered call ETFs.
Mara Shreck: Leading on Regulatory Affairs
Mara Shreck, another key addition to the team, comes from JPMorgan, where she held significant responsibilities in regulatory affairs for the company’s global Asset & Wealth Management segment. Her deep understanding of regulations and external engagement will be vital as ProShares navigates policy matters.
In her role as Managing Director, Ms. Shreck will focus on enhancing ProShares' engagement with lawmakers and regulators. She aims to foster productive relationships that will support the firm’s interests and facilitate its continued growth.
Fostering Relationships and Advancing ProShares' Vision
Ms. Shreck expressed her excitement by stating, "ProShares has a pioneering track record and a clear vision for the future. I look forward to educating key stakeholders and policymakers to advance mutual goals that will benefit both ProShares and its investors." Her contributions will be instrumental in shaping how the firm engages with external parties to promote its interests efficiently.
Steve Cohen: A New Cross-functional Leadership Role
In addition to welcoming Mr. Haghbin and Ms. Shreck, ProShares announced that Managing Director Steve Cohen will take on an expanded leadership role. Having been part of ProShares for over two decades, Mr. Cohen has vital experience in various functions such as marketing and strategy. He will now oversee a variety of critical initiatives aimed at augmenting the firm’s long-term growth.
Mr. Cohen's new responsibilities include engaging with key strategic partnerships and managing high-impact initiatives ensuring that ProShares remains a leader in ETF solutions.
ProShares: A Leader in the ETF Revolution
ProShares has been at the forefront of the ETF revolution since its founding in 2006. With a lineup that offers diverse strategies like crypto-linked, dividend growth, interest rate hedged bond, and geared ETFs, it has solidified its position as a top player in the industry. The company is committed to ongoing innovation, delivering products that help investors manage risk while enhancing their returns.
This dynamic leadership expansion comes on the heels of a notable year for ProShares. The firm eclipsed $90 billion in combined mutual fund and ETF assets, showcasing its robust growth trajectory. Furthermore, the opening of a new office in Manhattan and the introduction of groundbreaking products in the covered call ETF sector highlight the company’s commitment to industry advancement.
Frequently Asked Questions
1. Who is Mo Haghbin and what will he do at ProShares?
Mo Haghbin is a seasoned professional who has joined ProShares as Managing Director. He will lead the growth of ProShares’ Strategic ETFs.
2. What is Mara Shreck's role at ProShares?
Mara Shreck has been appointed as Managing Director to handle ProShares’ external engagement on policy matters, working with lawmakers and regulators.
3. What other leadership changes have been made at ProShares?
Steve Cohen has taken on an expanded role overseeing high-impact initiatives that are critical to ProShares’ long-term growth.
4. How does ProShares support investors through market cycles?
ProShares offers a variety of Strategic ETFs designed to provide opportunities for managing risk and enhancing returns, supporting investors through various market conditions.
5. What is ProShares known for in the ETF market?
Since 2006, ProShares has been recognized for its ETF innovations offering diverse strategies in areas such as crypto-linked and leveraged ETF investing.
