Barbara Novick is a member of BlackRock's Global Executive and Global Operating Committees and Chairs the Government Relations Steering Committee.
From the inception of the firm in 1988 to 2008, Ms. Novick headed the Global Client Group and oversaw global business development, marketing and client service across equity, fixed income, liquidity, alternative investment and real estate products for institutional and individual investors and their intermediaries worldwide. In her current role, Ms. Novick heads the firm's efforts globally on Government Relations and Public Policy.
Prior to founding BlackRock in 1988, Ms. Novick was a Vice President in the Mortgage Products Group at The First Boston Corporation. Ms. Novick joined First Boston in 1985 where she became head of the Portfolio Products Team. From 1982 to 1985, Ms. Novick was with Morgan Stanley.
Barbara Novick earned a BA degree, cum laude, in economics from Cornell University in 1981.
So, CMO's, asset-backed, senior subordinated, all of those structure products were all created in the 80s and in many cases, we were the ones who invented them, so Larry Fink worked on the first CMO. I actually invented the senior-subordinated structure, so you had a group of people who had just ex...(Full transcript available to logged in subscribers.).
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