Fundsters interested in getting to know both John Casey
and Casey Quirk
, the asset management consultancy he cofounded, should read Julie Segal's Institutional Investor profile
The long piece digs into both 75-year-old Casey's own history and the firm's. Some of the tidbits highlighted include: Casey's longstanding connection with Wells Fargo Nikko Investment Advisors, Barclays Global Investors (which bought the Wells business), and BlackRock (which bought BGI); Casey's two pre-RogersCasey pension consulting jobs, helping start PaineWebber's Evaluation Associations on the one hand and later getting fired from Callan Associates on the birthday of his wife, Bridget Casey
; the 2000 white paper, "the Complete Firm", that was the genesis of what later became Casey Quirk; and how the asset management industry changed after 2008.
"This industry was a collegial artists' colony where everybody grew," Casey Quirk's Ben Phillips
. "Now they have to cross the street and rob the bank — rip away market share from a competitor — to grow."
John Casey even talks to II
about his take on BGI's $45-million plan 19 years ago of iShares
, now the biggest ETF business in the world.
"Frankly, I thought they were nuts," Casey tells the publication. "I thought the idea was good, but it was so complicated and so many other parties had to be involved that I wasn't sure how they could implement it."
"I was a doubting Thomas," Casey adds, with a caveat about then-BGI CEO Patricia Dunn
and Blake Grossman
(both part of the group that presented the iShares idea) and then-Barclays CEO Matthew Barrett
(who gave the idea the green light). "It was a group of people I wouldn't have bet against."
John and Bridget Casey both chime in for the article, along with a number of colleagues and other industry insiders, including: David Bauer
, a former Casey Quirk partner; Jeb Doggett
, partner at Casey Quirk; Tom Finke
, CEO of Barings
; Joe Guastella
, head of the global financial services practice at Deloitte (which bought Casey Quirk in 2016); Yariv Itah
, managing principal of Casey Quirk; Kevin Quirk
, co-founder of Casey Quirk alongside Chris Acito
and John Casey; Michelle Seitz
, chairman and CEO of Russell Investments
; Joe Sullivan
, CEO of Legg Mason
; and Amanda Walters
, senior manager at Casey Quirk.
Neil Anderson, Managing Editor
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