ProShare appoints new CEO

Link: ProShare takes battle to Europe

She is being replaced by Michelle Doughty a former City stockbroker and financial journalist, who joins from the Royal Shakespeare Company.

Michael Savory, chairman of ProShare said: ‘I am delighted that we have appointed someone of Michelle Doughty’s calibre. She brings proven leadership skills, a wealth of knowledge and experience in dealing with private investor issues and financial organisations, which will be crucial to ProShare’s activities moving forward.’

Among its activities, ProShare has taken on the International Accounting Standards Board over its proposals for a controversial standard on share-based payments.

Related reading