The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Kranefuss Plots Life after BlackRock Not Rated 2.0 Email Routing List Email & Route  Print Print
Friday, January 22, 2010

Kranefuss Plots Life after BlackRock

Reported by InvestmentWires Staff, 

Lee Kranefuss, who built iShares into an ETF juggernaut, plans to stay with BlackRock for "several months" and then move on, according to a company insider.

Kranefuss was not immediately available for comment.

Lee Kranefuss
Vice Chairman
The iShares vice chairman will be spend the remainder of his time at BlackRock assisting Mike Latham, CEO of iShares US, and Rory Torbin, CEO of iShares Europe. BlackRock purchased iShares and the rest of Barclays Global Investors in a deal that closed last December.

Kranefuss' plans should not come as a surprise to industry insiders. In April of last year, Kranefuss, then-CEO of Barclays Global Investors' iShares business, moved into the role of non-executive chairman. The change took place when Barclays announced an agreement to sell iShares to Blue Sparkle, a limited partnership formed by private equity firm CVC Capital Partners.

A few weeks after the Blue Sparkle deal was unveiled, Kranefuss told The MFWire: "We're working out what the exact roles and titles will be when the deal closes. I intend to stay with the business."

Later in the year, Kranefuss' title changed to vice chairman.

In June, BlackRock inked a deal to buy all of Barclays Global Investors, not just iShares. The $15.2 billion deal closed December 1. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use