Home | Business News | Browse by Publication | P | Pensions & Investments

TEAM WORK.

Publication: Pensions & Investments
Publication Date: 14-APR-03 		Format: Online - approximately 1257 words
Delivery: Immediate Online Access
Full Article Title: TEAM WORK.(Face to Face; interview with Patricia C. Dunn)

Article Excerpt
Byline: Joel Chernoff

When Patricia C. Dunn resigned as chief executive officer of Barclays Global Investors for health reasons last June, two global co-CEOs - located 5,371 miles apart - were named to succeed her. Blake R. Grossman, is a straightforward 17-year BGI veteran, who had been chief investment officer for the firm's global advanced active management business. Andrew Skirton is the voluble 13-year veteran of the firm's London operation and head of its global indexing operation. So far, the twin-headed structure has fared well: BGI's operating profit increased 41% to $149.1 million in 2002, despite the stock market's plunge. Improved earnings reflected net new asset growth of $72 billion, particularly the continued expansion of the firm's advanced active business and growth of its Global iShares funds, which are exchange-traded funds. Messrs. Grossman and Skirton talked with P&I's Joel Chernoff.

Q How have current markets caused U.S. pension executives to rethink their investment strategies?

A Mr. Grossman: It's the biggest revolution that's taken place post-ERISA - so many plans taking a fundamental (look at) how they want the asset allocation structured, what kind of manager selection, to...

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from Pensions & Investments
Dismal asset class: Growth pains; Consultants finding large-cap growth..., April 14, 2003
Taking flak: Had a look at the sky lately?(Frontlines), April 14, 2003
Little pressure for cuts: Asset management fees rise despite performan..., April 14, 2003
Still no Euro unity on pensions.(Editorial)(Brief Article), April 14, 2003
Big push: Oregon Legislature mulling new pension plan to cut state's d..., April 14, 2003

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.