Good day at BlackRock, as firm nabs Blackstone big
Rock beats stone, as Conway moves to giant asset manager
BlackRock Inc. has snagged Edwin Conway, a former Blackstone Group executive, to head up its $1.1 trillion U.S. and Canadian institutional businesses. Mr. Conway, formerly senior managing director in investor relations and business development at Blackstone, will start April 1 as head of BlackRock’s U.S. & Canada Institutional within the Global Client Group, confirmed Jessica Greaney, a spokeswoman.
Mr. Conway will report to Robert Fairbairn, senior managing director and head of BlackRock’s global client group. He replaces Robert Capaldi, who was named in November senior client strategist for chairman and chief executive Laurence Fink. Both Mr. Capaldi and Mr. Fairbairn were overseeing the business that Mr. Conway will take over, Ms. Greaney said.
Blackstone is discussing how it will replace Mr. Conway, said spokesman Peter Rose. “We wish Edwin the best of luck in his position,” he said.
Mr. Conway started at Blackstone in November of 2005 as managing director in the firm’s alternative asset management business. In his most recent role, Mr. Conway oversaw business development globally for all of Blackstone’s investment products, including private equity, hedge funds and funds of hedge funds.
Before joining Blackstone, Mr. Conway was executive director at Arden Asset Management Inc. Previously, he spent eight years at Credit Suisse Asset Management, where he held a number of senior roles including director and head of relationship management.
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