ProShares announced today three key distribution hires and the establishment of a New York City office. The new hires and new office are major enhancements to the firm’s distribution efforts supporting the rapid expansion of ProShares’ product lineup and its position as a premier provider of alternative exchange traded funds (ETFs).

The new hires are Timothy Brand as Director, Financial Professionals, Sanjay Yodh as Head of Institutional Sales and Jason Behrens as Manager, Internal Sales. All three roles report to Donald Roberson, Managing Director, Distribution.

The New York office will be used to enhance the firm’s education and distribution capabilities, including its institutional efforts. The office, located at 400 Madison Avenue, is ProShares’ first office outside of Bethesda, MD, where the firm is headquartered.

"As we expand our menu of alternatives, seasoned professionals like Tim, Sanjay and Jason greatly enhance our ability to deliver the message of how alternative ETFs can help build better portfolios,” said Michael L. Sapir, Chairman and CEO of ProShare Advisors LLC, ProShares’ investment advisor. “We are also excited to open a New York office, which allows us to better serve many key investors.”

About ProShares

Offering the nation’s largest lineup of alternative ETFs,1 ProShares enables investors to go beyond the limitations of conventional investing and meet today’s market challenges. Each ProShares ETF provides access to an alternative investment strategy delivered with the liquidity, transparency and cost effectiveness of an ETF. ProShares’ current lineup of 133 ETFs includes Global Fixed Income, Hedge Strategy, Geared (leveraged and inverse), and Inflation and Volatility ETFs.

Director, Financial Professionals

Timothy Brand joins ProShares as Director, Financial Professionals. In this role, Mr. Brand will lead a team of experienced distribution professionals dedicated to educating financial professionals about ProShares’ diverse lineup of alternative ETFs. Mr. Brand is based in ProShares’ Bethesda office.

Mr. Brand has more than 20 years of financial services experience. Most recently he was with Calamos Investments, where he worked for 10 years and was National Sales Director for Intermediary Distribution. Previously at Calamos, Mr. Brand was Director, East Divisional Sales. Prior to Calamos, Mr. Brand was with Deutsche Asset Management, G.W. & Wade, New England Funds and First Data Corporation.

Mr. Brand received his B.A. in Management from Hartwick College.

Head of Institutional Sales

Sanjay Yodh joins ProShares as Head of Institutional Sales, a new role at the company. He will also head the New York City office. In this role, Mr. Yodh will build and lead a team of seasoned professionals to further educate institutional investors, such as pension funds, endowments and hedge funds, on how alternative ETFs can benefit their portfolios.

Mr. Yodh has more than 16 years of financial services experience, with the vast majority in institutional asset management sales. Mr. Yodh was most recently with Guggenheim Partners where he was Managing Director, Institutional Business. Prior to Guggenheim, Mr. Yodh was with Deutsche Asset Management and J.P. Morgan.

Mr. Yodh received his B.S. in Industrial Engineering from the New Jersey Institute of Technology.

Manager, Internal Sales

Jason Behrens joins ProShares as Manager, Internal Sales. In this role, Mr. Behrens will oversee a team of 12 internal sales associates. Mr. Behrens is based in ProShares’ Bethesda office.

Mr. Behrens has more than 14 years of financial services experience. Mr. Behrens most recently was with Invesco, where he was an Internal Sales Manager. Prior to Invesco, Mr. Behrens was with AIM Investments, IFS Financial Services/Touchstone Funds and Fidelity Investments.

Mr. Behrens received his B.A. in Political Science from American University.

1 Source: FRC. As of March 31, 2012.

Investing involves risk, including the possible loss of principal. ProShares are non-diversified and each entails certain risks, which may include 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. Please see their summary and full prospectuses for a more complete description of risks. 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. Obtain them from your financial advisor or broker/dealer representative or by visiting ProShares.com.

ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the funds’ advisor.