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Rating:ProFunds Names COO Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, September 29, 2003

ProFunds Names COO

by: Sean Hanna, Editor in Chief

ProFund Advisors has brought in help from Deutsche Bank. The fund complex has lured Richard A. Goldman as its chief operating officer to oversee day-to-day operations at the firm and to work closely with Chairman and CEO Michael Sapir.

Goldman was most recently a managing director and head of Financial Institutions Group at Deutsche Bank's asset management division. From 1997 to 1999 he was a corporate vice president at Prudential responsible for product development, field compensation, and international strategic initiatives for the marketing and planning department.

"Joining ProFund Advisors right now is a terrific opportunity," said Goldman in a statement. "Few companies in the industry have experienced such rapid growth so early in their history. Slightly less than six years old, the firm has doubled its assets to over $4 billion since the beginning of 2002, a period when many asset managers experienced a significant decrease in assets. ProFund Advisors is in a unique position and, I believe, is poised for even stronger future growth."

ProFunds is one of the few fund firms catering to the needs of market-timers.  

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