10.20.2017

Ex-BlackRock Vice Chairman Joins Axioma Board

10.20.2017

Axioma, Inc. announced the election of Blake Grossman to the company’s Board of Directors.

“We are delighted to welcome Blake to the Board of Directors of Axioma and we look forward to benefiting from his extensive experience, knowledge and insights,” said William Guttman, Chairman.

Grossman said, “The development of Barclays Global Investors as the leading systematically-based investment firm was achieved by a front-to-back integration of investment systems, along with extensive application of technology, to drive scale and substantial growth in AUM. I see the same vision at Axioma, which is redefining the landscape with flexible, enterprise-wide risk and equity solutions that give investment firms that same systematic capabilities to grow and scale, but at a fraction of the cost. I’m excited to have the opportunity to be a part of it.”

Grossman is currently Chairman of the Board of Financial Engines, a leading provider of financial planning services and professional investment management and advice.  He also serves as a director of CamberView Partners, a leading source for independent, investor-led advice for public companies globally. He is a managing partner at ThirdStream Partners LLC and at CHJ Capital Management LLC, both of which focus primarily on early-stage investments in financial services and technology.

From 2009 to 2010, Grossman was Vice Chairman of BlackRock. For seven years before that he was Chief Executive Officer of Barclays Global Investors (BGI), which was acquired by BlackRock in 2009. Previously he was CEO & Chief Investment Officer of BGI’s Advanced Active Strategies Group since 1992. He is a Phi Beta Kappa graduate of Stanford University, where he received master’s and bachelor’s degrees in economics.

Source: Axioma

SEC Commissioner Mark Uyeda argued that private assets belong in retirement plans, saying diversified alts can improve risk-adjusted returns and that the answer to optimal exposure “is not zero.” @ShannyBasar reporting for @MarketsMedia:

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