Warburg Pincus appoints Kranefuss as executive-in-residence
Warburg Pincus has appointed Lee Kranefuss as its new executive-in-residence (EIR).
In his role, Kranefuss will bolster the firm's activity in exchange-traded funds (ETFs), index investing and asset management. He will cover Europe, Asia and Latin America.
Kranefuss spent 10 years at Barclays Global Investors (BGI) before joining Warburg Pincus. He served as global chief executive officer of iShares, BGI's EFT platform, between 2000 and 2010.
In addition to running iShares, Kranefuss managed BGI's institutional indexing, money market, asset allocation, portfolio restructuring, securities lending and private equity businesses, with a total asset value of $1.5tn. Following BGI's acquisition by BlackRock, Kranefuss worked on post-merger integration and transition management before departing BlackRock in 2010.
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