Barclays Global Investors Announces Regional Management Changes.LONDON & SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden -- Barclays Global Investors Barclays Global Investors is a subsidiary of British-based Barclays Bank which is in the investment management industry. It is the largest corporate money manager in the world, with over £936 billion (US$1.77 trillion) under management as of March 2006[1]. (BGI BGI Barclays Global Investors BGI Bainbridge Graduate Institute BGI Bureau Gravimétrique International BGI Borland Graphic Interface (File Name Extension) BGI Bridgetown, Barbados - Grantley Adams International ), one of the world's largest asset managers, announced today that Nigel Williams Nigel Williams may refer to:
"BGI is fortunate to have a very strong depth of global management talent and a succession planning Management Succession Planning In organizational development, succession planning is the process of identifying and preparing suitable employees through mentoring, training and job rotation, to replace key players — such as the chief executive officer (CEO) — process that identifies key executives who can assume new responsibilities, and David will have the benefit of working with a very strong senior leadership team already in place in BGI Europe" said Blake Grossman Blake Grossman is the chief executive officer of Barclays Global Investors, the investment management arm of Barclays Bank, the British financial institution. , CEO of Barclays Global Investors. "Our strategic focus on Europe will continue under David's leadership, and we will be continuing to expand our resources and talent base in order to ensure that we are well positioned to meet our clients' investment needs. We see fixed income strategies, including those tailored around pension fund liabilities, alternatives, and exchange-traded funds as key areas for investment innovation and growth in 2007. We are very pleased to be the largest pension manager in the region, and are committed to extending our market leadership position in risk-controlled, highly efficient investment strategies for our clients." Mr. Grossman continues, "David Semaya brings a wealth of global experience to this key role in leading our business in Europe, and provides both strong continuity for our current activities and effective leadership for new growth and innovation opportunities." Under Mr. Semaya's leadership, Japan's client franchise has grown substantially and AUM Aum (ä·ōōmˑ), n.pr 1. in Ayurveda, the subtle, noiseless cosmic vibration in which consciousness existed in the beginning, before the elements appeared. has increased 74%. "Ross Hikida brings a significant depth of experience to this important leadership role as CEO of BGI Japan. He has nearly seven years of executive experience in transforming the investment and service capability in Japan. BGI is also positioned extremely well as the largest foreign-owned investment manager in Japan, and we can expect to build on the impressive growth in the franchise that David and Ross and the full BGI Japan team have accomplished," said Mr. Grossman. Barclays Global Investors is one of the world's largest asset managers1 providing structured investment strategies such as risk-controlled active strategies and indexing. In the U.S., BGI is one of the largest active managers2, set apart by its risk-controlled approach. BGI manages 65% of the world's 100 largest pension plans3 and is the global leader in assets and products in the exchange traded funds Exchange Traded Funds (ETF) Also known as ETF. A basket of stocks similar to an index mutual fund. However, there are a number of important differences between ETFs and mutual funds. through its iShares([R]) brand with more than 180 ETFs. The firm managed over $1.6 trillion in assets as of 6/30/06, for more than 2,800 clients in 52 countries around the world. BGI is owned by Barclays PLC Barclays PLC is a global financial services provider operating in Europe, the United States, the Middle East, Latin America, Australia, Asia and Africa. It is a holding company that is listed in London and New York. It operates through its subsidiary Barclays Bank PLC. . Notes to Editors: Nigel Williams, joined BGI in 1992 working in the Client Advisory and Asset Allocation Asset Allocation The process of dividing a portfolio among major asset categories such as bonds, stocks or cash. The purpose of asset allocation is to reduce risk by diversifying the portfolio. areas, was responsible for the formation of the Defined Contribution Group, and further development of BGI's business in Continental Europe Continental Europe, also referred to as mainland Europe or simply the Continent, is the continent of Europe, explicitly excluding European islands and, at times, peninsulas. . He became CEO of Europe & Asia (Ex-Japan) in September 2005. David Semaya, joined BGI in May 2004 as COO BGI Japan Limited. He was then named President & Representative Director of BGI Japan Trust & Banking Co., Ltd. Mr. Semaya had previously been President & Representative Director of Merrill Lynch Investment Managers Co., Ltd. in Japan. Ross Hikida, joined BGI in 1994 and held a variety of investment positions including Chief Active Equity Strategist in Tokyo and Head of Emerging Markets Strategies and International Equity Strategist in San Francisco. Mr. Hikida has been Chief Investment Officer for BGI Japan Limited since 2000. 1 Source: "P&I/Watson Wyatt World 500," Pensions & Investments, September 4, 2006. 2 Source: "Special Reports: Money Manager Directory," Pensions & Investments, May 29, 2006. 3 Source: "P&I/Watson Wyatt World 300: Largest Pension Funds," Pensions & Investments, September 18, 2006. |
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