Head of the Portfolio Management Group
Rich Kushel, Senior Managing Director, is the Head of the Portfolio Management Group (PMG), which encompasses BlackRock’s Fixed Income (Fundamental, Municipals and Financial Institutions, and Index and LDI), Fundamental Equities, Private Credit, Systematic Investments, Multi-Asset Strategies & Solutions, and the Private Investors Businesses. He is a member of the Global Executive and Global Operating Committees. He is also the Global Executive Committee sponsor of the firm’s Black Professionals Network.
Most recently, Mr. Kushel was the Head of Multi-Asset Strategies and Global Fixed Income. His prior roles include heading Strategic Product Management, BlackRock Investment Stewardship, and the BlackRock Investment Institute. He has also served as Chief Product Officer and Deputy COO. From 2009 to 2011, Mr. Kushel was based in London, and during that time served as Chairman of BlackRock's International Businesses, responsible for the regional management of BlackRock's businesses and operations outside the U.S. and Canada.
Prior to that assignment, Mr. Kushel held several other positions within the firm, including heading BlackRock’s International Institutional Business and BlackRock's Alternatives and Wealth Management Groups. Prior to joining BlackRock in 1991, he was an Associate in the Financial Institutions Group at Prudential Securities.
Mr. Kushel currently serves as the Vice Chairman of the Advisory Council of the Freeman Spogli Institute for International Studies at Stanford University. Mr. Kushel holds a Bachelor of Science degree in Industrial Engineering from Stanford University.
