BlackRock to Acquire Aperio - Leading Provider of Personalized Index Equity Solutions - Seite 2

“Aperio has been honored to earn the trust of the most demanding wealth managers by always putting investors’ interests first and partnering with advisors to solve the complexities of UHNW investors through research integrity and excellence in human-centric client experience. With BlackRock, we have found a like-minded fiduciary firm with long-standing roots in tax-efficient indexing, a commitment to sustainable investing, and Diversity, Equity & Inclusion, and a track record of delivering consultative whole portfolio solutions to wealth management intermediaries,” said Aperio co-heads, Liz Michaels and Ran Leshem. “We are excited to harness BlackRock’s capabilities and reach to keep innovating on behalf of an even larger base of wealth managers and institutional investors.”

BlackRock plans to operate Aperio as a separately branded, vertically integrated team within BlackRock’s U.S. Wealth Advisory business. Aperio will retain its investment, business development, client service, and ESG-SRI processes under the leadership of Ran Leshem and Liz Michaels, who will become co-heads of the Aperio team upon joining BlackRock, a transition already announced last summer by Aperio. Current Aperio CEO, Patrick Geddes, will maintain his role as Aperio’s Chief Tax Strategist and become a BlackRock senior advisor, focusing on broadening portfolio construction research and tools for taxable investors across asset classes.

“We are thrilled to welcome the Aperio team to BlackRock,” said BlackRock’s Chief Client Officer, Mark McCombe. “We look forward to bringing Aperio’s innovative mindset in financial services to BlackRock and drawing on the team’s decades of experience to expand our offerings to even more advisors and their clients. This transaction deepens our presence in the San Francisco area and reflects the critical importance to BlackRock of tapping the innovation taking place on the West Coast of the U.S.”

Rob Little and Dan Haspel, Managing Directors at Golden Gate Capital, said, “During our highly successful partnership with the world class team at Aperio, the company significantly expanded its client base and capabilities, while continuing to operate with an unparalleled focus on customized solutions for the new institutional market. We are very excited for Aperio as they embark on this next chapter with BlackRock, who is the perfect partner to bring Aperio’s extreme fiduciary focus and expertise to a global audience.”