Susan Wagner Explained

Susan Wagner
Birth Name:Susan Lynne Wagner
Birth Date:26 May 1961[1]
Birth Place:Chicago, Illinois, US
Alma Mater:Wellesley College (BA)
University of Chicago (MBA)
Known For:Co-founding BlackRock

Susan Lynne Wagner (born 1961)[2] is an American financial executive. Wagner is one of the co-founders of BlackRock, an American multinational investment management corporation, where she was vice chairman and chief operating officer. BlackRock is the largest asset management firm in the world with $10.01 trillion in assets under management as of January 2024.[3]

In 2011, she was named to two lists of powerful women: "Most Powerful Women in New York 2011" and "50 Most Powerful Women in Business (2011)".[4] [5]

Early life and education

Wagner was born in 1961 in Chicago to a Jewish family.[6] She graduated in 1982 with honors from Wellesley College with a BA in English and Economics, and then earned an MBA in finance from the University of Chicago in 1984.[7]

Career

After earning her MBA, Wagner worked as vice president of the mortgage finance group for Lehman Brothers.[8] In 1988, Wagner and Ralph Schlosstein left Lehman to join Blackstone Financial Group. Later, Blackstone Financial Group changed their name to BlackRock.

As one of the co-founders of BlackRock in 1988, Wagner was vice chairman and chief operating officer.[9] She orchestrated BlackRock's mergers and acquisitions, which included Quellos, Merrill Lynch Investment Management, and Barclays Global Investors. Prior to retiring from BlackRock in 2012,[10] Wagner expanded the company into Asia, the Middle East and Brazil.[11] Since retiring from BlackRock, she is on their board of directors, and a member of the board of trustees of the Hackley School.[12] In May 2014, Wagner was asked by Wellesley's class of 2014 to deliver the commencement address.[13]

In July 2014, Wagner was named to the board of Apple Inc., replacing long-time board member William Campbell.[14] Wagner was the second woman on the Apple eight-member board and the only director with a background in finance.[15] In 2014, she also was elected to the board of directors of Swiss Re.

Awards

In 2023, Wagner received the Women's Entrepreneurship Day Finance Pioneer Award[16] at the United Nations in recognition as a trailblazer and innovators in their field and who inspire all around them to use their lives to make a meaningful impact on the world.

Notes and References

  1. Web site: Susan Lynne Wagner director information. Free company director check.
  2. Web site: Susan L. Wagner - Swiss Re Annual Report 2016. reports.swissre.com. en. 2019-01-24.
  3. Web site: BlackRock strikes $12.5 bln deal for Global Infrastructure Partners. Randall, David, Reggiori-Wilkes, Tommy, Singh Shekhawat. Jaiveer. Reuters. en-US. 2024-01-29.
  4. News: Wagner. Susan. Most Powerful Women in New York 2011 . . 2011 . 2014-10-15 .
  5. News: Wagner . Sue. 50 Most Powerful Women In Business . . 2011-10-17 . 2014-10-15 .
  6. Web site: Susan Wagner Story - Bio, Facts, Networth, Home, Family, Auto | Famous Businesswomen | SuccessStory .
  7. Web site: Susan Wagner to Deliver 2014 Commencement Address at Wellesley. Wellesley College. en. 2019-01-24.
  8. Web site: Susan Wagner . Forbes . 30 January 2024.
  9. Web site: In the eye of the credit storm at BlackRock . The New York Times . 30 January 2024 . May 30, 2008.
  10. Web site: Susan L. Wagner - Swiss Re Annual Report 2016. reports.swissre.com. en. 2019-01-24.
  11. News: Wagner . Sue . In the eye of the credit storm at BlackRock . . 2008-05-30 . 2008-05-30 .
  12. News: Wagner . Sue . About Hackley Trustees & Administration . . 2014 . 2014-10-15 . dead . https://web.archive.org/web/20141110000816/http://www.hackleyschool.org/Page/About-Hackley/Trustees--Administration . 2014-11-10 .
  13. News: Wagner. Susan. Susan Wagner delivered the 2014 Commencement address at Wellesley College . . 2014-05-30 . 2014-10-15 .
  14. News: Chen . Brian X. . Apple Adds Susan Wagner of BlackRock to Board . Bits - The New York Times . 2014-07-17 . 2014-07-18 .
  15. News: Bradshaw . Tim . Apple adds BlackRock co-founder to its board . . 2014-07-17 . 2014-07-19.
  16. Web site: Sue Wagner . 2024-02-01 . Women's Entrepreneurship Day Organization . en-US.