Bethesda, Md.- based ProFunds Group has appointed Richard Eng as chief operations officer. Eng will oversee fund and investor services, financial administration, and information technology. Eng most recently was COO for Legg Mason Capital Management. During his tenure at Legg Mason, he oversaw professionals in the areas of investment operations, client reporting and production, settlements, trading, information technology, and finance. Prior to Legg Mason, Eng was chief financial officer at Ramsey Asset Management LLC, as well as product manager for San Francisco's Advent Software Inc.
ProFunds Group is a provider of alternative ETFs and mutual funds. Founded in 1997, ProFunds Group has more than $34 billion of assets under management.