Keenan joined the firm in 2004 and previously worked alongside Tim O'Hara, who left for Wells Fargo last year. "I was on the academic track, applying for faculty positions and transition grants for my life in academia. She also served as Deputy Counsel to President Clinton and as the White House Associate Counsel. Most asset owners cant make any investment decisions until they meet with their investment committees, trustees, and consultants. Smith replaced Todd Slattery, who most recently was a managing director in the alternatives specialists group. If you experience any issues with this process, please contact us for further assistance. In turn, clients can redirect those cost savings to invest in their own business operations and core offerings. Prior to his appointment at KIA, Mr. Alsaad served as the Chief Executive Officer of one of the leading investment companies in Kuwait, The Kuwait Financial Center. How is the World Economic Forum contributing to a more efficient, resilient, inclusive and equitable financial system? BlackRock analyzed fund-level data for nearly 70 public pensions to gauge how likely they are to meet their return assumptions over the next decade. Earlier in his time at BlackRock, Seeg was head of the London office for PEP and was responsible for sourcing private equity investments across Europe. We believe a successful investment program requires a whole portfolio perspective anchored in each clients needs and goals, and we work collaboratively to develop investment solutions. Mahmoud joined BlackRock in 2014. "You can see how important alternatives are going to be for the future of BlackRock," he said during the conference held by Bank of America on February 16. Check out advice from five BlackRock leaders on how they've navigated internal mobility to grow their careers. .chakra .wef-10kdnp0{margin-top:16px;margin-bottom:16px;line-height:1.388;}How is the World Economic Forum contributing to a more efficient, resilient, inclusive and equitable financial system? Im proud of how far weve come in terms of diversity in our investment platform and the work were continuing to do to improve. We serve as an extension of your staff to ensure a seamless partnership from onboarding to implementation. But they structured the portfolio so their Expected Return is more in line with the hurdle rate. In 2022 he was also named a board member of BlackRock's recently formed Saudi Arabia business. A weekly update of the most important issues driving the global agenda. "Russ did more than found a business," Conway said in the September memo seen by Insider. By attracting and supporting people interested in the markets and connected to our purpose, I believe this effort will lead to even greater success as a result. Importantly, asset owners continue to retain full authority over their asset allocation policy, and risk and return objectives. You can sign up for additional alert options at any time. Zoetis delivers a portfolio of medicines, vaccines, diagnostics and technologies to veterinarians and livestock farmers in over 100 countries. All Contents are owned or controlled by BlackRock or the party credited as the provider of the Content. Before joining Verizon in 2017, Mr. Vestberg served for six years as President and CEO of Ericsson, a multinational networking and telecommunications equipment and services company headquartered in Sweden. As my career progressed, I learned that I did my very best work when I had a clear sense of purpose behind my efforts. But, there's a lot of dispersion across companies, and how the pension impacts the corporate enterprise may influence the risk tolerance. Christoph Weber: Der ehemalige Unternehmensberater bei McKinsey wird Chief Transformation Officer bei der Allianz Direct. Computer Security. We expect to continue to grow and diversify the portfolio and further increase our earnings power," he said. Mr. Gerber served as Executive Chairman of EQT Corporation, an integrated energy production company, from 2010 until May 2011, as its Chairman from 2000 to 2010, as its President from 1998 to 2007 and as its Chief Executive Officer from 1998 to 2000. His appointment was seen as another move to bulk up BlackRock's alternatives business. I'm honored to be named Deputy Chief Investment Officer, and thrilled for my friends and partners Stephanie Lynch and Jay Ripley who are stepping into critical | 16 comments on LinkedIn You acknowledge that you have no right to use the content of this Website in any other manner. My personal professional mission is to make world markets better, safer and more inclusive. Chief Executive Officer & Executive Director: 67: 2014: Mar Martnez: Head-Investor Relations-2014: Francisco de Borja Acha Besga: Secretary & Director-Legal Affairs: 57: 2015: Javier Uriarte Monereo: General Director-Marketing: 64-Manuel Fernando Marn Guzmn: General Manager-Digital Solutions Iberia: 58-Jos Manuel Revuelta Mediavilla, Dr. Tarek Mahmoud runs multi-alternative solutions where BlackRock advises clients investing in various types of alternative assets and chairs the Europe, Middle East, and Africa region for BlackRock Alternatives. contact.us@blackrock.com, Computershare Investor Services LLC We are committed to equal employment opportunity to all applicants and existing employees and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. I have two children and four nieces, and its always been hard for me to explain my job to them in a way that they understand. BlackRock TCP Capital Corp Jul 2018 - Present4 years 8 months Greater Los Angeles Area Independent board member serving on the Audit Committee, the Governance and Compensation Committee, and the. Jim Barry, the chief investment officer for the unit, decided to leave the firm last year. The Website has not made, and expressly disclaims, any representations with respect to any forward-looking statements. OCIOs with multiple systems and data sources for different phases in their investment process may introduce unnecessary operational risk to clients. Conway previously ran BlackRock's key institutional-client business, where he was responsible for the overall strategy for the firm's relationships with institutional clients like sovereign wealth funds, public and private pension plans, and foundations. Description. Stephanie Smith has been the chief operating officer of the alternatives business since 2021, when she joined from Goldman Sachs, where she worked for two decades and left as a partner and head of operations for Goldman's consumer and wealth management division. Description About this role BlackRock is the world's largest asset manager, and our mission is to help more and. I think this is key in how we will help more and more people achieve financial well-being. Once that's deployed, those investments will eventually add some $260 million of annual base fees, Kapito said. In our latest corporate pensions peer study, BlackRock examines dispersions and how plans can align their investment strategy with their end-state objectives. BlackRock formed its capital markets team in 2020 with Patry at the helm, bringing together the businesses for global capital markets and private capital markets, the industry news publication PE Hub reported. "We are seeing an increasing blurring of what used to be clearly distinct business models, whether this is a convergence between asset and wealth management, LPs becoming direct investors, asset and liability pools moving fluidly between insurers, and pension funds or asset servicers looking to integrate ever closer with their clients," he told Insider in 2020. That makes sense given those entities often dont have the resources to hire staff or invest in the technology required to run modern investment programs. BlackRocks OCIO team aligns the firms extensive investment expertise, robust research platform, and advanced technology and analytics in support of a single goal: helping clients achieve their investment objectives. If you are unsure about the meaning of any information provided, please consult your financial or other professional adviser. Prior to joining Aviva, Mr. Wilson worked in Asia for 14 years, including as Chief Executive Officer of AIA Group Limited, a leading pan-Asian company. I was incredibly excited to have an opportunity to be a part of that story to join the team that would call themselves champions of investor progress.. She is on the Advisory Board for the Deming Center for Quality, Productivity and Competitiveness at Columbia Business School. Smith helps oversee and set strategy and direction for the alternatives business, and reports to Edwin Conway. Ms. Peck is the Chief Executive Officer of Zoetis Inc., the worlds leading animal health company and a member of the Fortune 500. We leverage the breadth of our investment platform across index, factor, and alpha-seeking strategies to deliver unique insights into our portfolios. We ensure the ecosystem of liquidity; trade execution and post-trade service providers is robust and diverse so that we can grow and thrive across multiple market environments. Co-Head of Americas Pensions group within Multi-Asset Strategies & Solutions (MASS), Managing Director, Head of OCIO for Endowments, Foundations and Family Offices, Chief Investment Officer, Endowments and Foundations, Head of U.S. and Canada Healthcare Business, Senior Client CIO for Endowments, Foundations and Healthcare, Head of OCIO for Endowments and Foundations, Healthcare, and Family Offices, Chief Investment Officer for Family Offices. Jim has just completed almost 12 years at BlackRock. Bourbonnais joined BlackRock in 2018 from the world of Canadian pensions. Planet. This is a $10 billion platform investing across the private market space, from private equity and credit to infrastructure, to even wetland mitigation and music. de C.V. and Chairman of The Carlos Slim Health Institute and of Impulsora del Desarrollo y el Empleo en Amrica Latina, S.A.B. If you are unsure about the meaning of any information provided, please consult your financial or other professional adviser. Jason Fisher, Managing Director and Head of U.S. Middle Market Pensions provides an overview of OCIO and how the solution differs from the model of using a Consultant to help make decisions. The firm seeks to invest in real estate, education, retail . We have many investors on our team who would say the same. Mr. Freda previously served as Este Lauders President and Chief Operating Officer from March 2008 to July 2009. Chief Financial Officer Simply Blue Group Oct 2022 - Present6 months Dublin City, County Dublin, Ireland BlackRock 9 years 3 months Director Jan 2017 - Oct 20225 years 10 months Vice. She most recently served as Executive Vice President of Qualcomm Technologies, Inc. and President of Global Market Development. Having spent all my summers working in regional theaters, I really didnt know what asset management was. OCIO stands for Outsourced Chief Investment Officer. From January 2011 to August 2015, Ms. Pankovcin was the Chief Financial Officer and Treasurer of BlackRock Capital Investment Corporation, and a Managing Director of Finance at BlackRock. International investing involves risks, including risks related to foreign currency, limited liquidity, less government regulation, and the possibility of substantial volatility due to adverse political, economic or other developments. Hi and welcome back to another Quick Insights. (Select all that apply)* : Steenberg remains on PEP's investment committees and is involved in client relationships and priorities for the business. Systematic retrieval of content from this Website to create or compile, directly or indirectly, a collection, compilation, database or directory (whether through robots, spiders, automatic devices or manual processes) or creating links to this Website is strictly prohibited. These plans were seeking an end-to-end strategic OCIO provider. . The Contents are also not to be construed as soliciting or promoting any financial products or services. Ms. Johnson has been the Chief Executive Officer of Magic Leap, Inc., an American augmented reality company, since August 2020. Cost Effectiveness: When institutional clients partner with an OCIO, they benefit from the economy of scale and the breadth of resources that larger asset manager can access. From 1986 to 1988, Mr. Freda directed marketing and strategic planning for Gucci SpA. I stayed there for 16 years! BlackRock shall have no liability for any loss or damage arising in connection with this Website or out of the use, inability to use or reliance on the Contents by any person, including without limitation, any loss of profit or any other damage, direct or consequential, regardless of whether they arise from contractual or tort (including negligence) or whether BlackRock has foreseen such possibility, except where such exclusion or limitation contravenes the applicable law. Jim Keenan, a longtime BlackRock executive, has led the firm's credit platform since 2006. Russell Steenberg built what would become BlackRock's original alternative asset offering when, in 1999, he joined Merrill Lynch's asset management business to build its private equity unit. Joud Abdel Majeid is the Deputy Chief Financial Officer at BlackRock. ", "When people ask me what I do I'm just a small piece," Smith said, noting the many product specialists, investors, technologists, and other colleagues she works with. 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