Business & Finance
Business and Finance
Business and Finance
Thu, October 7, 2010
Wed, October 6, 2010 BlackRock Adds CIO for U.S. Fundamental Equity; Chris Leavy Joins Firm in Newly Created Position
NEW YORK--([ BUSINESS WIRE ])--BlackRock, Inc. (NYSE:BLK) today announced that Chris Leavy will join the Company as Chief Investment Officer of U.S. Fundamental Equity a" a newly created position. Most recently, Mr. Leavy served as Chief Investment Officer of Equities at OppenheimerFunds, directing investment personnel and business strategy for the firma™s $80 billion equity business.
"Chris Leavy is a strong and seasoned investment professional who has distinguished himself both as a portfolio manager and by his direction of one of our industrya™s leading equity businesses"
In his new role, Mr. Leavy will be responsible for overseeing BlackRocka™s $150 billion U.S.-based fundamental equity business. He will partner with BlackRocka™s investment professionals and other areas of the firm to help deliver strong investment performance to clients.
Mr. Leavy will report to Quintin Price, Head of and Global Chief Investment Officer for Fundamental Equity, who has overall responsibility for management of this business.
aChris Leavy is a strong and seasoned investment professional who has distinguished himself both as a portfolio manager and by his direction of one of our industrya™s leading equity businesses,a said Mr. Price. aChrisa™ investment insight and track record, combined with his management experience, will be invaluable to BlackRock as we seek to enhance our fundamental equity business and continue to deliver the best of BlackRock to our clients.a
At OppenheimerFunds, Mr. Leavy also served as Head of the Value Equity Group from 2000 to 2006. Before that, he managed the Value Equity Groupa™s flagship Value Fund and achieved top quintile performance within the large cap peer group.
Before joining OppenheimerFunds, Mr. Leavy led a four person investment team at Morgan Stanley Asset Management with responsibility for large cap core equity portfolios totaling $6 billion.
He holds a B.A. in Economics from Trinity University, San Antonio, and an MBA from Columbia Business School.
About BlackRock
BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At June 30, 2010, BlackRock's AUM was $3.151 trillion. BlackRock offers products that span the risk spectrum to meet clients' needs, including active, enhanced and index strategies across markets and asset classes. Products are offered in a variety of structures including separate accounts, mutual funds, iShares® (exchange traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions®. Headquartered in New York City, as of June 30, 2010, the firm has approximately 8,500 employees in 24 countries and a major presence in key global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa. For additional information, please visit the Company's website at [ www.blackrock.com ].
