Barclays Global Investors Announces Resignation of Vice Chairman Patricia Dunn
Barclays Global Investors (BGI) announced today that Patricia C.
Dunn has decided to resign in her role as non-executive Vice Chairman
at the global asset management firm. She has held this part-time role
since stepping down as Global CEO in July 2002 to battle cancer.
"My long tenure with BGI has been transformational, as the firm
has grown into the bulwark of investment management success with
unusual depth of talent and capability," said Ms. Dunn. "It has been a
wonderful privilege to be among those who have been leaders of this
organization and to have been part of the intellectual integrity,
commitment and innovation of BGI employees."
"Pattie has made an enormous contribution to the success of BGI,
and has been a highly positive influence on so many in the industry,"
said Blake Grossman, Global CEO of BGI. "Her dedication to BGI and its
commitment to excellence have been a hallmark of her time here and
will be missed."
Barclays Global Investors is one of the world's largest asset
managers(1) providing structured investment strategies such as
risk-controlled active strategies and indexing. In the U.S., BGI is
one of the largest active managers(2), set apart by its
risk-controlled approach. BGI manages 65% of the world's 100 largest
pension plans(3) and is the global leader in assets and products in
the exchange traded funds through its iShares(R) brand with more than
180 ETFs. The firm managed over $1.6 trillion in assets as of 6/30/06,
for more than 2,800 clients in 52 countries around the world. BGI is
owned by Barclays PLC.
Notes to editors:
1976 - Dunn joins Wells Fargo Investment Advisors
1995-1998 - Dunn appointed Co-CEO & Chairman of BGI
1998 - Named sole CEO & Chairman of BGI
2002 - Steps down as Global CEO; assumes non-executive role of
Vice Chairman
2006 - Resigns as Vice Chairman of BGI
(1) Source: "P&I/Watson Wyatt World 500," Pensions & Investments,
September 4, 2006.
(2) Source: "Special Reports: Money Manager Directory," Pensions &
Investments, May 29, 2006.
(3) Source: "P&I/Watson Wyatt World 300: Largest Pension Funds,"
Pensions & Investments, September 18, 2006.