BlackRock welcomes former Morgan Stanley executive and new CCO
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BlackRock welcomes former Morgan Stanley executive and new CCO 10 January 2019New York Reporter: Natalie Turner
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BlackRock has hired Thomas Kinnally (pictured), former managing director of Morgan Stanley.
Based in New York, Kinnally will now focus on all things balance sheets and funding related.
He brings experience from a more than 16-year tenure with Morgan Stanley, where he served in a variety of roles including global head of firm financing, collateral management and business relationship management (BRM) sales.
He also brings experience from his role at Eurobrokers as head of repo brokerage.
Kinnally left the banking industry in July 2019 to pursue an entrepreneurial venture in the fitness industry. It is understood that he now intends to manage those responsibilities in tandem to his role at BlackRock.
Elsewhere, Bruce McDougal has rejoined the New York-based bank from Charles Schwab to serve as its chief compliance officer (CCO).
McDougal, who is based in San Francisco, spent the past five years as deputy CCO for Schwab. He was also leader of its investment management’s compliance advice team.
Before that he worked for BlackRock from 2001 to 2014, specialising in regulatory strategy, securities lending and finance.
During that time he spent more than seven years as senior counsel providing legal advice and then moved onto a director role monitoring legal and regulatory changes that could impact BlackRock’s Securities Finance Business.
While at BlackRock McDougal also served as co-chair of the Risk Management Association’s 30th Securities Lending Conference in 2013.
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