Michael Sapir is making of trio of updates to the senior leadership team at his $79.9-billion-AUM (as of January 10) fund firm in the DMV.

Michael Lynn Sapir ProShare Advisors, ProFund Advisors CEO

Yesterday, Sapir, CEO of ProShares [profile], revealed the recent appointments of three managing directors: Steve Cohen, Mo Haghbin, and Mara Shreck. Shreck and Haghbin are new additions to the Bethesda, Maryland-based asset manager, while Cohen is a 23-year company veteran who is changing roles.

Chevy Chase, Maryland-based Cohen's new leadership role is a "cross-functional" one, including overseeing "an array of high-impact initiatives and programs critical to achieving the firm's long-term growth ambitions," initiatives that involve "engaging many of the firm's largest strategic relationships, as well as cultivating new strategic partnerships." Haghbin succeeds Cohen as head of strategic ETFs. And Shreck now serves as head of corporate affairs.

Washington, D.C.-based Shreck most recently served as managing director and head of regulatory affairs for asset & wealth management at J.P. Morgan [profile]. A J.P. Morgan spokesperson declined to comment.

New York City-based Haghbin previously served as global head of investment solutions at Invesco [profile].

"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," an Invesco spokesperson tells MFWire via email. "Mo's previous responsiblities will be carried out by existing members of the Solutions team. We wish Mo all the best in his next endeavor."

At ProShares, Sapir reveals that he has "long admired" the talents of Haghbin and Shreck.

"I am confident that their leadership will play pivotal roles in driving ProShares' growth and success into the future," Sapir states.

"Today is an exciting day for ProShares," Steve Munroe, chief marketing officer of ProShares, writes in a LinkedIn post. "I'm thrilled to welcome aboard Mo Haghbin and Mara Shreck as colleagues, and to congratulate Steve Cohen on his new role. Starting 2025 strong."

Shreck lauds ProShares for having "a pioneering track record and a clear vision for the future."

"I could not be more excited for what lies ahead," Shreck states. "I look forward to fostering meaningful relationships with and educating key stakeholders and policymakers to advance mutual goals and help facilitate ProShares' growth."

Haghbin adds that the 28-year-old fund firm "has a well-earned reputation for ETF innovation."

"I'm thrilled to partner with such a talented group of colelagues in helping to write the next chapter for the firm," Haghbin states. "I am excited to drive the growth and expansion of ProShares' Strategic ETFs."

Haghbin joined OppenheimerFunds in 2017 as head of head product for beta solutions, and he made the shift when Invesco bought the firm in 2019, eventually taking over the solutions group in 2023. Earlier, he spent more than nine years with BlackRock, and he also worked at Fisher Investments and Ark Woodworks. He is an alumnus of the University of Colorado Boulder's Leeds School of Business.

Shreck joined J.P. Morgan in 2013 after more than seven years on the staff of the ICI. Earlier, she worked with Ropes & Gray. She is an alumna of the University of California, Berkeley's School of Law and of Princeton University.

Cohen joined ProFunds in 2002 as managing director of the new institutional group. He later served as managing director of marketing and then head of the strategy group. Earlier, he worked with FolioFn, Calvert, Bozell Worldwide, Saatchi & Saatchi Advertising, and SS&B Lintas. He is an alumnus of the McIntine Business Institute at the University of Virginia. 

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