Mo Haghbin and Mara Shreck have joined ProShares as managing directors, the firm said in a news release Jan. 15.
Haghbin, who was also named head of strategic ETFs, will have a variety of responsibilities, including “leading ProShares’ efforts on growing and expanding its lineup of strategic ETFs,” the news release said.
Based in New York, Haghbin reports to CEO Michael L. Sapir.
The former head of strategic ETFs, Steve Cohen, has taken on “a new cross-functional leadership role” where he will “oversee an array of high-impact initiatives and programs critical to achieving the firm’s long-term growth ambitions.”
Based in Bethesda, Md., Shreck was also named head of corporate affairs, a new position, and will be responsible for leading the firm’s “engagement on policy matters with lawmakers, regulators and other external stakeholders.”
Haghbin formerly was global head of investment solutions at Invesco, leading an investment platform with more $100 billion in assets under management. An Invesco spokesperson said the Invesco solutions team remains aligned under the continued leadership of Scott Wolle, CIO of Invesco solutions. “There is no change to its portfolio management teams or investment approach,” the spokesperson added. “Mo’s responsibilities will be carried out by existing members of the solutions team.”
Shreck was previously managing director, head of regulatory affairs at J.P. Morgan Asset and Wealth Management. A spokesperson said the firm has not yet replaced Shreck.
ProShares currently has $79.9 billion in assets under management.