San Francisco, United States and London, United Kingdom
Barclays Global Investors (BGI) has announced that Patricia C. Dunn has decided to resign in her role as non-executive Vice Chairman at the global asset management firm. She has held this part-time role since stepping down as Global CEO in July 2002 to battle cancer.
"My long tenure with BGI has been transformational, as the firm has grown into the bulwark of investment management success with unusual depth of talent and capability," said Ms. Dunn. "It has been a wonderful privilege to be among those who have been leaders of this organization and to have been part of the intellectual integrity, commitment and innovation of BGI employees."
"Pattie has made an enormous contribution to the success of BGI, and has been a highly positive influence on so many in the industry," said Blake Grossman, Global CEO of BGI. "Her dedication to BGI and its commitment to excellence have been a hallmark of her time here and will be missed."
Barclays Global Investors is one of the world's largest asset managers(1) providing structured investment strategies such as risk-controlled active strategies and indexing. In the U.S., BGI is one of the largest active managers(2), set apart by its risk-controlled approach. BGI manages 65% of the world's 100 largest pension plans(3) and is the global leader in assets and products in the exchange traded 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.
Notes to editors:
1976 - Dunn joins Wells Fargo Investment Advisors
1995-1998 - Dunn appointed Co-CEO & Chairman of BGI
1998 - Named sole CEO & Chairman of BGI
2002 - Steps down as Global CEO; assumes non-executive role of Vice Chairman
2006 - Resigns as Vice Chairman of BGI
(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.
CONTACT: Barclays Global Investors Tom Taggart 415-597-2736 (San Francisco) tom.taggart@barclaysglobal.com Stephen Whitehead +44 (0) 207 116 6060 (London) stephen.m.whitehead@barclays.com
CONTACT: Barclays Global Investors Tom Taggart 415-597-2736 (San Francisco) tom.taggart@barclaysglobal.com Stephen Whitehead +44 (0) 207 116 6060 (London) stephen.m.whitehead@barclays.com , ,
Source: Business Wire (Business Wire India)