A Top ETF Exec Drives Away From BlackRock
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Friday, July 22, 2011

A Top ETF Exec Drives Away From BlackRock

Deborah Fuhr is leaving BlackRock [see profile]. Barron's, Dow Jones, the Financial Times, IndexUniverse, Money Management Executive and Pensions & Investments report that the ETF research chief is exiting the world's largest asset manager as it consolidates its ETF research unit into the newly created BlackRock Research Institute.

What's next for Fuhr? Dow Jones claims that she "is understood to be still working at BlackRock," while a BlackRock spokeswoman reportedly told P&I that Fuhr "is resigning to pursue other opportunities." And IndexUniverse, citing anonymous sources, claims that Fuhr left to take another gig "within the ETF industry."

BlackRock unveiled the new institute back in April and brought on board McKinsey alum Lee Kempler to lead it. The ETF giant will reportedly not be replacing Fuhr, with the "ETF research agenda" now being led by iShares' [see profile] global chief investment strategist, Russ Koesterich.

Fuhr, a former Morgan Stanley managing director, joined Barclays Global Investors in 2008, and BlackRock bought BGI in 2009.

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