ProShares Names Steve Vanourny as Head of Corporate Development: Innovating for Future Growth

At ProShares, innovation has been a driving force behind their success in the ETF industry. As they celebrate their 25th anniversary, ProShares is excited to announce the addition of Steve Vanourny as the new Managing Director, Head of Corporate Development, Strategy, and Planning. With his impressive asset management experience, Mr. Vanourny is well-equipped to take ProShares to the next level of growth.

In his newly created role, Mr. Vanourny will be responsible for a wide range of initiatives, including long-term and annual planning, new product development, business intelligence, and partnerships and acquisitions. Reporting directly to ProShares' CEO Michael L. Sapir and serving on the firm's Management Team, Mr. Vanourny will play a crucial role in shaping the future direction of ProShares.

With almost three decades of experience in the asset management industry, Mr. Vanourny brings a wealth of knowledge to ProShares. He has previously served as Global Head of Strategy and Global Head of Investment Analytics at State Street, as well as a Partner in McKinsey & Co's asset and wealth management practice. Most recently, he co-founded Continuum Capital Managers, a private equity firm that invested in and helped scale asset management firms.

Mr. Sapir expressed his excitement about the appointment of Steve Vanourny, highlighting the importance of innovation in ProShares' growth strategy. As the ETF industry continues to evolve, it is crucial for ProShares to find new ways to innovate and develop products that meet the needs of investors. Mr. Vanourny's experience and leadership will be instrumental in achieving these goals.

One area of focus for Mr. Vanourny will be new product development, an area where ProShares has a strong track record. ProShares was the pioneer in introducing geared (leveraged and inverse) ETFs in the United States and currently offers the largest lineup of dividend growth ETFs. Additionally, ProShares is a global leader in crypto-linked ETFs, further showcasing their commitment to innovation.

Mr. Vanourny himself expressed his enthusiasm for joining ProShares and recognized the firm's enormous potential. He acknowledged ProShares' impressive growth and innovation track record but also emphasized the opportunity for further expansion and success. With a strong platform already in place, Mr. Vanourny is excited to work alongside Mr. Sapir and the ProShares team to drive growth and achieve continued success.

Beyond his professional achievements, Mr. Vanourny has also been actively involved in the healthcare industry. He has led and served on the boards of several healthcare institutions and is currently a member of the investment committee of Beth Israel Lahey Health, a leading Harvard-affiliated healthcare system in Massachusetts. This diverse experience brings a unique perspective to his role at ProShares.

ProShares is a leading ETF provider that has been at the forefront of the ETF revolution since 2006. With one of the largest lineups of ETFs and over $60 billion in assets under management, ProShares, along with its affiliates, continues to innovate and provide strategic and tactical opportunities for investors to manage risk and enhance returns. It is important to note that investing involves risk, including the possible loss of principal, and investors should carefully consider the investment objectives, risks, charges, and expenses before investing in ProShares ETFs.

In conclusion, the appointment of Steve Vanourny as the Head of Corporate Development, Strategy, and Planning at ProShares marks an exciting new chapter for the firm. With his extensive asset management experience and focus on innovation, Mr. Vanourny is poised to contribute significantly to ProShares' growth and success in the coming years. ProShares remains committed to providing innovative ETF solutions that meet the evolving needs of investors and offers them opportunities to manage risk and achieve enhanced returns.