Business & Finance
Business and Finance
Business and Finance
Mon, June 13, 2011 BlackRock Appoints Terrence Keeley as Head of Official Institutions Group
NEW YORK--([ BUSINESS WIRE ])--BlackRock, Inc. (NYSE:BLK) today announced that Terrence (aTerrya) Keeley has joined the Company as a Managing Director and Head of its Official Institutions Group. In this newly created position, Mr. Keeley will be responsible for overseeing the development of the relationships and the services BlackRock provides to official institutions around the world a" a client base today comprising central banks, sovereign wealth funds and supra-nationals that have entrusted BlackRock with approximately $235 billion in total assets under management.
"Terrya™s depth of experience and deep understanding of sovereign markets significantly enhances our ability to offer official institutions customized investment solutions."
Mr. Keeley will also play a role in supporting the design and execution of the BlackRock Investment Institute. Launched earlier this year, the Institute is a global platform designed to leverage the firma™s expertise in markets, asset classes and investor segments to generate investment insights that drive enhanced investment performance for clients.
Mr. Keeley is based in New York City and reports jointly to Robert Fairbairn, Senior Managing Director and Head of BlackRocka™s Global Client Group; and Lee Kempler, Managing Director and the Executive Director of the Investment Institute.
aWea™re delighted to be bringing an executive of Terrya™s caliber to BlackRock,a commented Mr. Fairbairn. aTerrya™s depth of experience and deep understanding of sovereign markets significantly enhances our ability to offer official institutions customized investment solutions.a
aDuring the financial crisis, BlackRock established itself as the go-to firm for sovereign and private institutions alike,a added Mr. Keeley. aNow, with the integration of Barclays Global Investors complete, BlackRock serves the interests and needs of official institutions like no other global investment manager. I am also thrilled to be joining BlackRocka™s Investment Institute, an industry-leading initiative that is shaping global dialogues on the most important investment issues of our day.a
Prior to joining BlackRock, Mr. Keeley was the founder and Senior Managing Principal of Sovereign Trends, LLC, a New York based advisory firm. From May 1988 until July 2010, he worked for UBSa™ investment banking and asset management subsidiaries in a variety of managerial posts, operating out of London, New York and Chicago. From 1994 until 2010, Mr. Keeley was a Senior Managing Director at UBS with relationship oversight responsibilities for central bank and sovereign clients globally. The teams he managed were responsible for all asset management assignments, transactions, credit exposures, debt underwritings, and restructurings with governmental agencies globally. In addition, he was the senior calling officer at a large number of multilateral organizations, ministries of finance, central banks and sovereign wealth funds.
Prior to his private sector career, Mr. Keeley worked for Congressman David Stockman, and for President Ronald Reagan's Council of Economic Advisors, where he wrote speeches for the Chairman, Dr. Murray Weidenbaum. He has published widely on a number of macroeconomic and investment topics in the Wall Street Journal, Financial Times, Foreign Affairs and Bloomberg/ Businessweek. As an adjunct to his work at Sovereign Trends, Terry has been a lecturer at the University of Notre Dame in business and ethics, and a Bloomberg TV Contributing Editor.
About The BlackRock Investment Institute
The BlackRock Investment Institute is a global platform that leverages BlackRocka™s expertise in markets, asset classes and client segments to generate investment insights that seek to enhance the firma™s ability to create a better financial future for clients. Launched in 2011, The Institute hosts a series of events through the BlackRock Investment Forum that foster debate around key investment themes. The Institutea™s goal is to produce a flow of information that makes BlackRocka™s portfolio managers better investors and helps deliver positive investment results for our clients.
About BlackRock
BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At March 31, 2011, BlackRocka™s AUM was $3.648 trillion. BlackRock offers products that span the risk spectrum to meet clientsa™ 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 March 31, 2011, the firm has approximately 9,300 employees in 26 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 ].
