A 30-year Invesco veteran recently joined the C-suite of a privately held, $60-billion-AUM ETF shop.

Annette Janecka Lege ProShares Chief Financial Officer

Today, Michael Sapir, CEO of ProShares [profile], confirms that he has hired Annette Leg as chief financial officer for the Bethesda, Maryland-based fund firm. Lege will also serve on ProShares' senior management team.

Tim Coakley had served as CFO of ProShares and its ProFunds sibling since 2000. A spokesperson for ProShares confirmed that Coakley retired from the firm last year and that Lege joined on January 3, 2023.

Sapir lauds Lege as "a strong, hands-on leader with more than three decades of experience improving processes and optimizing performance, overseeing timely and accurate financial reporting, and developing the talents of her team," Sapir states. Lege, for her part, praises ProShares as "an ETF industry innovator and leader."

Lege joined AIM (which later merged with Invesco) in 1992 in corporate finance. Over the years, she rose to controller, chief accounting officer, and head of finance operations, and she left the Atlanta-based fund firm last year. She is an alumna of the University of Houston.

Prior to joining ProFunds, Coakley served as CFO of Rushmore Funds and as an audit manager at Deloitte & Touche. He attended the University of Maryland's Robert H. Smith School of Business. 

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