Bringing you live news and features since 2006 

Former CEO of iShares to lead ETF investments at Warburg Pincus

RELATED TOPICS​

Private equity firm Warburg Pincus has appointed Lee Kranefuss as an executive-in-residence (EIR).



Kranefuss (pictured) will work to help Warburg Pincus identify and evaluate investment opportunities in the areas of exchange-traded funds, index investing and asset management, particularly in Europe, Asia and Latin America.
 
Kranefuss was the architect and global chief executive officer of iShares, part of Barclays Global Investors (BGI), where he built the largest global ETF platform. He oversaw the global expansion of iShares from launch in 2000 to over USD600bn in assets in 2010.

While at BGI, Kranefuss was a member of the executive committee, and – in addition to running iShares – managed all of BGI’s institutional indexing, money market, asset allocation, portfolio restructuring, securities lending and private equity businesses, which comprised total assets of more than USD1.5trn.

Subsequent to the acquisition of BGI by BlackRock, Kranefuss worked on post-merger integration and transition management before departing BlackRock in 2010. 

Kranefuss says: “I am pleased to join Warburg Pincus, a firm with a global track record and experience backing world-class management teams in the financial services sector. ETFs and passive investing are powerful investment tools globally, and continue to see long-term inflows.  However this is a time of flux and opportunity in the ETF industry.  The time is ripe to create a large-scale, global, and independent ETF provider that will provide the truly attractive and innovative product – and the support behind it – that ETF investors demand.”

Cary J Davis, managing director at Warburg Pincus, adds: “As one of the true leaders of the global ETF industry, Lee brings years of invaluable knowledge and experience and we are pleased to welcome him to Warburg Pincus as an EIR.”

Latest News

US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by