Barclays Global Investors Appoints Matthew Scanlan as Head of the Americas Institutional Business.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, today announced the appointment of Matthew Scanlan as Head of the Americas Institutional Business with responsibility for the firm's institutional business in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Canada and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . He will report to Co-CEO Blake Grossman who has acted as the interim head of the institutional business since December 2004, when Mr. Scanlan's predecessor, Peter Landin, left the firm. Under Mr. Scanlan's leadership, the United States Institutional Business (USIB USIB United States Intelligence Board USIB Universal Storage Interface Bus (Addonics) USIB Upper Similkameen Indian Band (Keremeos, BC, Canada) ) will be renamed the Americas Institutional Business (AIB AIB n abbr (BRIT) (= Accident Investigation Bureau) → oficina de investigación de accidentes AIB n abbr (Brit) (= Accident Investigation Bureau) → ). This name change encompasses the firm's more recent Latin America initiatives and the ongoing support the business provides to BGI's institutional activities in the United States and Canada. The Americas Institutional Business has overall responsibility for BGI's institutional client service and business development activities in the U.S., Canada and Latin America. "Matt has been a major contributor to BGI's success in the institutional business and has consistently delivered outstanding results for our clients and BGI," says Blake Grossman. "He is ideally positioned to provide ongoing leadership to drive our industry-leading growth, success and innovation in the future for this key BGI business." "I'm honored by this appointment and excited about the opportunities that we see ahead of us," states Scanlan. "The institutional business is a core BGI franchise, and we will strive to further expand BGI's position as the leading provider of indexed, scientific active and alternative strategies that meet the needs of institutional investors." An eight-year BGI veteran, Mr. Scanlan most recently managed the firm's institutional sales and service activities focused on the defined benefit, defined contribution and treasury markets for corporate, public and Taft-Hartley plans, as well as central banks, endowments and foundations in North America. Mr. Scanlan, 49, joined BGI in 1997 from Sanford C. Bernstein & Co., Inc. where we was a financial advisor specializing in tax management. He also served as a senior portfolio manager at The Northern Trust Company in Chicago. Mr. Scanlan holds a Master of Business Administration in accounting and finance from the J.L. Kellogg School at Northwestern University and a Bachelor of Administration in economics from the University of Southern California The U.S. News & World Report ranked USC 27th among all universities in the United States in its 2008 ranking of "America's Best Colleges", also designating it as one of the "most selective universities" for admitting 8,634 of the almost 34,000 who applied for freshman admission . He is a Chartered Financial Analyst Chartered Financial Analyst (CFA) An experienced financial analyst who has passed examinations in economics, financial accounting, portfolio management, security analysis, and standards of conduct given by the Institute of Chartered Financial Analysts. , Chairman of the 2005 Candidate Curriculum Committee of the CFA Institute and is Series 3, 7, 24, 63 and 65 licensed. Barclays Global Investors (BGI) is one of the world's largest asset managers(1) providing structured investment strategies such as risk-controlled active strategies and indexing. In the US, BGI is one of the largest active managers(2), set apart by its risk-controlled approach. BGI manages assets for two-thirds of the world's 100 largest pension plans(3) 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 120 ETFs. The firm managed over $1.3 trillion in assets as of 12/31/04, for more than 2,600 clients in 48 countries around the world. BGI is an innovator in investment management, applying science and technology to the investment process. BGI is owned by Barclays PLC, one of the world's leading global financial services providers. (1)Source: "P&I/Watson Wyatt World 500," Pensions & Investments, September 6, 2004. (2)Source: "Special Reports: Money Manager Directory," Pensions & Investments, May 31, 2004. (3)Source: "P&I/Watson Wyatt World's 250 Largest Retirement Plans," Pensions & Investments, December 27, 2004. |
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