Risk Honors Dr. Golub and BlackRock’s Contributions to Exceptional Risk Management
Bennett Golub, Ph.D., Chief Risk Officer and Co-Founder of BlackRock, Inc., was bestowed the 2016 Lifetime Achievement Award by Risk magazine on Wednesday evening at Risk’s annual awards event in London. Risk forms the leading subscription service covering financial risk management, regulation and derivatives news and analysis.
“As a founding partner of BlackRock, Ben has played a critical role in the firm’s success,” said Duncan Wood, editor in chief of Risk. “He is a strong advocate of fund industry changes that have the potential to mitigate systemic liquidity risk, and a passionate supporter of risk management as a profession.”
“BlackRock was built around risk management — it's been in our DNA from the start. Ben epitomizes our belief that understanding and managing risk is the cornerstone to responsibly investing our clients’ assets,” said Rob Kapito, President of BlackRock. “Over the years, Ben has played a critical role in developing BlackRock’s Risk and Quantitative Analysis capabilities and firm’s Aladdin platform. He has ensured that BlackRock remains true to its legacy, keeping risk management as a core piece of its fiduciary culture. It is with great pleasure that I congratulate my friend and colleague on this well-deserved recognition.”
In his capacity as Chief Risk Officer for BlackRock, Dr. Golub also serves as co-head of the Risk and Quantitative Analysis team (RQA).
RQA provides independent top-down and bottom-up oversight to help identify investment, operational, technology and counterparty risks. RQA ensures portfolio risks are consistent across mandates, reflect current investment themes within particular strategies, and comply with client-specific risk guidelines. RQA also provides independent quantitative analysis as part of the groups value add. RQA leverages Aladdin, BlackRock’s centralized, industry-leading operating platform within BlackRock Solutions, integrating risk, investment and client management, to assess and process manager investment, market and liquidity risks. Dr. Golub was one of eight founders of BlackRock in 1988.
“I am honored to be recognized by Risk for my efforts to promote effective risk management techniques to meet the challenges faced by investors,” added Dr. Golub, who attended the awards program in London.