09.08.2011

BlackRock Adds Industry Veteran

09.08.2011
Terry Flanagan

The asset manager has appointed Mark Taborsky as a managing director and senior portfolio manager.

Prominent asset manager BlackRock announced that it has hired Mark Taborsky, previously of Pacific Investment Management, as the senior portfolio manager of its Multi-Asset Client Solutions group.

“We are thrilled to be adding a portfolio manager of Mark’s caliber to BlackRock,” said Michael Huebsch, head of Multi-Asset Client Solutions, or BMACS, in a release. “We anticipate Mark’s arrival will add to the strong momentum that is underway and we look forward to continuing to partner with clients and their consultants across our business,” added Nancy Everett, managing director and head of BMACS unit U.S. Fiduciary Management Solutions. “Mark’s distinguished track record across multiple investment strategies and asset classes will enhance our ability to deliver superior returns and investment solutions to our clients,” said Everett.

A request to BlackRock for comment was not immediately returned.

As managing director and senior portfolio manager, Taborsky will have direct oversight of client assets within the U.S. FMS unit of BMACS. The position is newly created, and also entails the development of investment solutions and strategies for all asset classes and client segments. Taborsky will report to Everett.

The U.S. FMS unit provides investment management, advisory solutions and outsourcing to institutional clients, such as pension plans, endowments and foundations. As of June, BMACS managed $126 billion in assets. BlackRock in total has about $3.7 trillion in assets under management.

Prior to joining BlackRock, Taborsky had been serving as executive vice president at Pimco, where had had been late 2008. He was responsible for overseeing asset allocation strategies and European solutions. He has also been a managing director with Harvard Management Co., where he oversaw the endowment for the Massachusetts school, in addition to holding a similar position with Stanford Management Co. In the late 90s, Taborsky worked as a trader with John W. Henry & Co. He holds a bachelor of commerce degree from McGill University and an MBA in Finance and Policy from the University of Chicago Booth School of Business.

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