ProShares Builds Leadership Team for Expansion Beyond Traditional ETFs

ProShares is expanding into active management, private markets, fixed income and new product structures, including a planned lineup of interval funds. Alessio de Longis, formerly of Invesco, joins as Head of Research and CIO of the new Active Investments platform. Other hires include Hyuk Soo Han from GCM Grosvenor to help lead private equity secondaries; Inkoo Kang, formerly of Grayscale and Direxion, to support leveraged and inverse ETFs; Joseph Witkowski from BlackRock as Head of Product Development; and Nicholas Georgakis from BlackRock for product implementation. ProShares is also exploring strategic partnerships and additional investment structures as it broadens beyond its traditional ETF franchise.