Fuhr To Leave BlackRock

July 21, 2011

Deborah Fuhr is out at BlackRock, the firm says.

(A version of this story appeared earlier on our sister site in Europe, IndexUniverse.eu)

Deborah Fuhr, head of BlackRock’s ETF research and implementation strategy unit, is to leave the firm, the world’s largest issuer of exchange-traded funds said today in a press release.

Fuhr joined BlackRock in 2008 after leaving Morgan Stanley, where she was a managing director. She had been based in London.

BlackRock plans to centralize all its ETF-related research in a new unit, called the BlackRock Investment Institute, the firm said in the prepared statement.

Russ Koesterich, the chief investment strategist for iShares, will help define ETF research at the institute, which will be led by Lee Kempler, the company said.

Koesterich will be supported by Joe Linhares in Europe, the Middle East and Africa; Jennifer Grancio in the U.S. and Canada; Daniel Gamba in Latin America; and Nick Good in the Asia-Pacific region.

BlackRock declined to say whether Fuhr had been dismissed or if she had resigned, citing company policy regarding personnel matters.

According to market sources, Fuhr has resigned to join another firm within the ETF industry.



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