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'''Philip Vasan''' (born April 9, 1959) is the Head of Investments and Portfolio Solutions at BlackRock, Inc.<ref name="Bloomberg BlackRock">{{cite web|title=Philip Vasan|url=https://www.bloomberg.com/research/stocks/people/person.asp?personId=292358109&privcapId=405739|publisher=Bloomberg|accessdate=19 September 2016}}{{dead link|date=March 2017}}</ref>{{dead link|date=March 2017}} Previously, he was the CEO of the Private Bank of Credit Suisse in the Americas from 2013 until 2016. He also became a member of the global Management Committee of the Private Bank in that year.<ref name="Bloomberg ">[https://www.bloomberg.com/research/stocks/people/person.asp?personId=292358109&ticker=CSGN:VX&previousCapId=405739&previousTitle=CREDIT%20SUISSE%20GROUP-SPON%20ADR "] ''Bloomberg''. Retrieved September 16, 2015{{dead link|date=March 2017}}</ref>{{dead link|date=March 2017}}
'''Philip Vasan''' (born April 9, 1959) is the Head of Investments and Portfolio Solutions at BlackRock, Inc.<ref name="EFinancial Careers">{{cite web|last1=Butcher|first1=Sarah|title=As Credit Suisse rebuilds in equities, its best traders eye Blackrock|url=http://news.efinancialcareers.com/uk-en/284935/credit-suisse-rebuilds-in-equities-its-top-traders-eye-blackrock|publisher=EFinancial Careers|accessdate=1 June 2017}}</ref> Previously, he was the CEO of the Private Bank of Credit Suisse in the Americas from 2013 until 2016. He also became a member of the global Management Committee of the Private Bank in that year.<ref name="The Wall Street Journal BlackRock hire">{{cite web|last1=Krouse|first1=Sarah|last2=Strasburg|first2=Jenny|title=BlackRock Hires Credit Suisse’s Philip Vasan as Part of Push to Attract Retail Investors|url=https://www.wsj.com/articles/blackrock-hires-credit-suisses-philip-vasan-as-part-of-push-to-attract-retail-investors-1468338493|publisher=The Wall Street Journal|accessdate=19 September 2016}}</ref>


==Early life and education==
==Early life and education==

Revision as of 08:33, 1 June 2017

Philip Vasan
File:Philip Vasan Credit Suisse Nicer Version.jpeg
Born
Philip Vasan

April 9, 1959
NationalityAmerican
Education
  • Oberlin College (B.A. with High Honors)
  • Harvard University (Ph.D. in Economics)
Occupation(s)Head of Investments and Portfolio Solutions at BlackRock, Inc.

Philip Vasan (born April 9, 1959) is the Head of Investments and Portfolio Solutions at BlackRock, Inc.[1] Previously, he was the CEO of the Private Bank of Credit Suisse in the Americas from 2013 until 2016. He also became a member of the global Management Committee of the Private Bank in that year.[2]

Early life and education

Vasan was born in New York City on April 9, 1959. He is a graduate of Oberlin College where he earned his BA in 1980. He received his PhD in Economics from Harvard University in 1986.[3]

Career

Vasan became the Head of Investments and Portfolio Solutions at BlackRock, Inc. in July 2016.[4][2] On July 12, 2016 it was announced that Vasan was hired by BlackRock, the world’s largest asset manager, to develop BlackRock products and new portfolios for private banks and independent wealth advisers.[5][6]

Prior to this, he was with the Credit Suisse bank from 1992 until 2016. During his tenure as CEO of the Private Bank for North America and Latin America,[7][8] he sponsored the Forbes 400 Summit on Philanthropy in 2013.[9] Vasan turned the US business to profitability, after which it was sold to Wells Fargo.[10]

He also developed Credit Suisse’s Prime Service franchise during the ten years between 2003 and 2013. The franchise ranked a top-2 market position. [7] [11]

In partnership with Professor Andrew Lo of MIT, and Pankaj Patel of Credit Suisse, Vasan launched the first passive and investible Equity 130/30 index.[12] In his Prime Services position, he was a frequent speaker on markets[13] and on industry developments.[14] Vasan was recognized for having promoted the multi-prime model for hedge funds before that became mainstream.[14] Under Vasan, Prime Services became known for being the top prime broker to a select client base.[15] Vasan was named one of the 50 most influential people in hedge funds in 2010 by HFM Week.[16]

From 2002 to 2003 he was the worldwide head of Equity Derivatives and Convertibles, Program Trading, and Proprietary Trading. From 2000 to 2001 Vasan was the head of e-Commerce technology and investments. From 1996 to 2000 he was the Head of Global Foreign Exchange.[17][18] In that role, Vasan and the heads of Foreign Exchange from other major banks launched FXall, the market’s first online FX trading platform for institutional clients. FXall was subsequently bought by Thompson Reuters.[19]

Prior to this, from 1992 until 1996, Vasan developed and ran Credit Suisse’s FX derivatives business globally.

Before joining Credit Suisse, he worked for Citibank, trading interest rate and currency derivatives before running their FX options business in the US.[20]

Board memberships and honors

Vasan was a visiting lecturer in finance at the MIT Sloan School of Management in 1998.[7] He is a member of the Board of Trustees and the Investment Committee of Oberlin College.[17] He is also a former Director of the Managed Funds Association.[20][21]

Family life

Vasan is married to Tina Redwine Vasan and has two children, Julia and Peter.[22]

References

  1. ^ Butcher, Sarah. "As Credit Suisse rebuilds in equities, its best traders eye Blackrock". EFinancial Careers. Retrieved 1 June 2017.
  2. ^ a b Krouse, Sarah; Strasburg, Jenny. "BlackRock Hires Credit Suisse's Philip Vasan as Part of Push to Attract Retail Investors". The Wall Street Journal. Retrieved 19 September 2016.
  3. ^ "Philip S. Vasan". Oberlin College and Conservatory. Retrieved 30 June 2016.
  4. ^ Atholl, Simpson. "BlackRock recruits Credit Suisse Americas private banking head". City Wire Americas. Retrieved 19 September 2016.
  5. ^ Krouse, Sarah; Strasburg, Jenny. "BlackRock Hires Credit Suisse's Philip Vasan as Part of Push to Attract Retail Investors". The Wall Street Journal. Retrieved 28 July 2016.
  6. ^ "Prominent Ex Credit Suisse Banker Joins Rival". Finews. Retrieved 28 July 2016.
  7. ^ a b c " The Wall Street Journal (February 11, 2010). Retrieved September 16, 2015
  8. ^ Jed Horowitz, " Reuters (January 9, 2014). Retrieved September 16, 2015
  9. ^ "Forbes Hosts Second Annual Forbes 400 Summit on Philanthropy". Forbes. Retrieved 16 March 2016.
  10. ^ Wursthorn, Michael. "Wells Fargo Woos Credit Suisse Brokers After Striking Recruitment Deal". Wall Street Journal. Retrieved 30 June 2016.
  11. ^ Fletcher, Laurence. "Goldman, CS top global prime broker rankings: survey". Reuters. Retrieved 30 June 2016.
  12. ^ "Credit Suisse and AlphaSimplex Launch the Industry's First 130/30 Index". Credit Suisse. Retrieved 16 March 2016.
  13. ^ "Improving Markets Boosting Hedge Funds, Vasan Says". Ustream. Retrieved 16 March 2016.
  14. ^ a b "GCTV: Credit Suisse Unveils Prime Brokerage Strategy". YouTube. Retrieved 16 March 2016.
  15. ^ "A Quiet Leader at Credit Suisse". The Wall Street Journal. Retrieved 11 July 2016.
  16. ^ Griffiths, Tony. "50 Most Influential People in Hedge Funds" (PDF). SRZ. Retrieved 30 June 2016.
  17. ^ a b " Oberlin College Retrieved September 16, 2015
  18. ^ Kerry Massaro, " Wall Street and Technology (June 13, 2000). Retrieved September 16, 2015
  19. ^ Saba, Jennifer; MacLellan, Kylie. "Thomson Reuters to buy trade platform FXall for $625 million". Reuters.
  20. ^ a b " Managed Funds Association (August 5, 2014). Retrieved September 16, 2015
  21. ^ " Business Wire(September 24, 2013). Retrieved September 16, 2015
  22. ^ "Tina Redwine Is Married". The New York Times. Retrieved 30 June 2016.
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