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

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

Rating:A Key Player in iShares' Development Passes Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, December 6, 2011

A Key Player in iShares' Development Passes

by: Sean Hanna, Editor in Chief

Patricia Dunn, who helped lead Barclays Global Investors push into the ETF market in the 1990s has died, reports MarketWatch.

The 58-year-old Dunn died on Sunday and had been suffering from cancer, the news service reported.

Dunn told MarketWatch reporter Jonathan Burton in the late 1990s that she was cautiously optimistic about the then new ETF product but that she and her team did not know what to expect. She said her team did think that ETFs are a "better mousetrap."

At the time Barclays offered WEBS (an abbreviation of World Equity Benchmark Shares). WEBS rebranded as iShares in 2000.

Despite her role in pushing ETFs, Dunn is more broadly known for her time as chairman of Hewlett-Packard Co. and her role in the boardroom espionage scandal that cost her that post.

Dunn rose to prominence at Barclays after joining Wells Fargo Investment Advisors as a part-time secretary. Wells Fargo launched the first index products in the early 1970s for institutional investors. She was running Wells Fargo Investment Advisors by the time Barclays purchased the business in 1995.

It was those roots in both the institutional market and in indexing that provided fertile ground for the iShares business.

She resigned as BGI's CEO in 2002 citing ill-health. 

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

0.0
 Do You Recommend This Story?



GO TO: MFWire
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:
Raw XML
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