OUR TRACK RECORD
Our FinTech Evolution team is built for purpose, and each one of use have a proven track record of value creation.
Selected Examples of Success
BGI & iShares
Scaled BGI, grew iShares into the global leader in the fastest growing asset management product.
Successfully operated and scaled BGI into a $13.5bn business, through the ‘08 financial crisis, and sold to BlackRock in ‘09.
Our strategic and operating playbook created of the fastest growing asset management stories.
Scaled iShares from a new product to one of the largest revenue generators with BlackRock today.
Estimated ~$30bn EV
iShares profit margins in excess of BlackRock's average margins.
20x Value Creation at BGI*
15x Profit Growth**
* As measured by BGI tracking stock between 2000 and 2007
** Between 2001 and 2008
Transformed AssetMark into a premier WealthTech platform.
AssetMark is purchased from Genworth as a corporate "orphan"
Key Decisions Driving Success:
✓ Re-engineer sales and sales function
✓ Re-design investment platform, improving efficacy
✓ Re-architect technology platform, modernizing design and capabilities
✓ Execute accretive consolidating M&A
✓ Rebuild management team
Grew from start-up to a top-3 global OCIO player amassing over $180bn
Emerging client need around fully supported investment advice and outsourcing to help clients access best-in-class investments at scale.
Developed an outsourced CIO (OCIO) model, becoming a discretionary asset manager to fully serve clients with investment management strategies and implementation.
Sequentially built OCIO capabilities to serve the global defined benefit (DB), defined contribution (DC) and endowment and foundation (E&F) markets.
Note:DB (Defined Benefit), DC (Defined Contribution), E&F (Endowment and Foundation)
Key Decisions Driving Success
Creating a new product platform and scaled infrastructure
to support a discretionary asset management business
Creating a global investment team and investment track record
and funds to support the OCIO solution offering
Launching a state-chartered bank
to create and support collective investment funds
to help support distribution growth
across sales, client management, research, product management, compliance, operations and technology
Acquisition and integration of Townsend Group
a best-in-class Alternatives Manager of Manager, in 2017