BETHESDA, Md.--(BUSINESS WIRE)--ProShares, a premier provider of ETFs, today announced the appointment of Richard Morris as general counsel. He will report to ProShares Co-Founder and CEO Michael L. Sapir and serve on the company’s executive management team.
“Rich’s legal aptitude and his deep experience in the ETF industry make him a perfect fit for the general counsel position,” said Sapir. “His leadership will be important as we continue to develop innovative ETF solutions that meet the evolving needs of investors.”
Morris brings to ProShares more than 20 years of legal experience in asset management. Most recently, he served as partner at law firm Morgan Lewis & Bockius LLP. Before that, Morris served as general counsel for WisdomTree Asset Management and was part of the core team that launched the ETF sponsor. Previously, he was a senior attorney for iShares, where he helped launch that family of ETFs, and was a staff attorney at the Securities Exchange Commission.
Morris holds a JD from Georgetown University Law Center and a BS in accounting from St. John’s University.
ProShares helps investors to go beyond the limitations of conventional investing and face today's market challenges. ProShares strives to help investors build better portfolios by providing access to a wide variety of investment exposures and strategies delivered with the liquidity, transparency and cost effectiveness of ETFs. Our wide array of ETFs can help you reduce volatility, manage risk and enhance returns.
Investing involves risk, including the possible loss of principal. ProShares are generally non-diversified and entail certain risks, including risk associated with the use of derivatives (swap agreements, futures contracts and similar instruments), imperfect benchmark correlation, leverage and market price variance, all of which can increase volatility and decrease performance. For more on correlation, leverage and other risks, please read the prospectus. There is no guarantee any ProShares ETF will achieve its investment objective.
Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing.
ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the funds' advisor.