Nidhi Shrivastava

SUMMARY 

● Senior Portfolio Manager & a seasoned team manager well-versed in all aspects of fund management including asset allocation, optimization and management, portfolio construction and performance reporting, security selection, lending and valuation, quantitative analysis, risk modeling, mitigation, leadership, team management, and communications. 

● Well-versed in US, Developed, Emerging, and Frontier Markets leading ETF, Derivatives, and Equities. 

● Professional Experience includes managing funds for the world’s largest money manager Blackrock Inc., State Street Financial Corporation, and Bank of New York Mellon. 

AREAS OF EXPERTISE 

Aladdin • Asset Management • Basket Management • Beta • Bloomberg • Capital Markets • Commodities • Convertible Bonds • Currency • Currency Hedging • Derivatives • Dividend funds • Emerging Markets • Frontier Markets • Developed Markets • Equity • ESG • ETF • Excel • Fund of Funds • Futures • Index Equity • Index Providers • Institutional Investments • iShares • Liquidity Vehicles • Model Funds • Mutual Funds • Operations • Optimization • Performance Reporting • Portfolio Construction • Preferred Equities • Project Management • Risk Management • Securities Lending • Tax Loss Harvesting • Trading • Transitions • Wrapper Funds 

EXPERIENCE 

Blackrock, Inc. March 2020 - Present Emerging & Frontier Markets ETF Portfolio Manager, Vice President Portfolio manager of ~$250 billion of iShares funds investing in Emerging and Frontier equity markets 

● Responsible for funds with exposure to global equities - Emerging, Developed, and Frontier markets, models, and currency hedging. Funds track numerous indices and custom benchmarks 

● Oversee the launch of new ETF products, including global ESG and thematic exposures. Analyze security sampling and optimizations for new funds. Challenge existing fund structures for optimal solutions 

● Manage all aspects of portfolio management, including portfolio construction, cash balances, client flows, security mis-weights, restrictions, index changes, corporate action analysis, distributions, basket management, and trade analysis. Generate trades to keep funds in line with fund tolerance and performance expectations, while minimizing risk, managing tracking error, and minimizing transaction costs 

● Encourage index providers to improve methodologies pertaining to complex corporate actions, liquidity, best market representation, and index inclusions 

● Cultivate strong relationships with Capital Markets, Product, Trading, Operations, and Fund Admin teams 

● Led and participated in numerous focused working groups dedicated to improving BlackRock’s portfolio management process 

● Train and mentor portfolio managers 

● Led and developed a centralized Risk management tool (Target Operating Model (TOPM)) that was adopted globally by all BlackRock investment teams. 

● Led and developed a cross-team training program, ‘Utility Player,’ to optimize resourcing during rebalances, vacations, etc. 

● Regularly provided quarterly business intelligence reporting to the Leadership team to provide insight into the resourcing of teams during rebalances, and usage statistics across various Aladdin tools. 

● Identified and implemented ‘Best Practices’ globally to enhance the investment management process and Aladdin tool usage. 

● Serve on the SF VP Village operating committee. Empower VPs to learn, lead, and create an impact within the firm 

Blackrock, Inc. August 2017 - March 2020 US ETF Portfolio Manager, Vice President San Francisco, CA Portfolio manager of ~$1 Trillion of iShares funds investing in US equities domiciled in America 

● Manage portfolios including large/mid/small cap, commodities, preferreds, niche exposure sectors, and strategies (ESG, REITs, minimum volatility, momentum, quality, size, etc.). Manage all aspects of ETF and institutional index equity portfolios, including daily liquidity management, client activity, index changes, and corporate actions; ensure all portfolios are positioned according to investment parameters and guidelines while meeting performance expectations. 

● Ensure investment management of portfolios is within the set targets & tolerances, and risk controls. Ensure tolerances are reviewed periodically to remain viable to maintain portfolio performance to standards. 

● Experienced in using CFDs/TRSs, futures & commodity futures, and implementing trading strategies to meet desired investment objectives 

● Collaborated extensively with technical teams to help develop ‘Aladdin Portfolio Construction’ for investment management. 

● Collaborate with Index providers to ensure the correct implementation of corporate events and thus ensure replicability across portfolios. Evaluate trading opportunities and provide recommendations to portfolio managers across the global team. Perform pre-trade analysis, develop trading strategies, and analyze results post-trade. 

● Attribute fund performance and find ways to minimize tracking error relative to benchmark; ensure superior investment outcomes are achieved through management of risk and cost. 

● Participate and lead global and regional initiatives (investment management best practices, evaluating complexity scores of products, implementation of issue management tools, etc.) that have improved the ability to deliver investment performance, minimized operationally complex and risky practices, aligned global best practices, and built a scalable and robust platform. 

● Built relationships and partnered with other BlackRock teams (ETF product architecture and implementation, ETF Desk, corporate actions, pricing, asset setup teams, shareholder services) to support the business, including trading, operations, technology, distribution channels, strategists, and other investment teams. 

● Communicate with clients to ensure large in-kind transitions are implemented per expectations and provide technical support on performance, strategy, and index concepts to client-facing groups. 

Blackrock, Inc. July 2012 – August 2017 Institutional Portfolio Manager, Vice President San Francisco, CA Portfolio manager of ~$1 Trillion of US and Developed Markets Institutional funds for the firm’s US, EMEA, and APAC clients 

● Specialty funds managed included: international small cap, international REIT, ex-controversial weapons mandates, separate accounts, mutual funds, and custom fund structures. Benchmark families included MSCI, FTSE, Hang Seng, Topix, and Eurostoxx ● Managed all aspects of portfolio management, including cash balances, client flows, index changes, corporate actions analysis, and trade analysis. Generated trades to keep funds in line with investment guidelines and objectives, while minimizing risk, managing tracking errors, and minimizing transaction costs 

● Analyzed and reported performance tracking of funds. Created team-specific attribution spreadsheets 

● Liaised with trading teams and global PM teams on rebalancing trading strategies. Worked with internal and external transition teams to analyze assets coming in or out of institutional funds 

● Hosted client demonstrations of the portfolio management system and processes. Worked closely with the global client group to handle client requests. Lead new fund launches for the team 

● Worked with the index research group and index providers to enhance index methodology 

● Liaised with the technology group to enhance and increase the efficiency of the portfolio management system. Engaged with the technology team for future state PM tools 

State Stree Finacial Corporation March 2009 - July 2012 Assistant Vice President - Fund Accounting and Performance Sacramento, CA 

● Worked for various Business Units (Fund Accounting groups – Domestic and International Equity) within State Street and managed a team of Senior Associates and Fund Accountants, to achieve 100% accuracy & timeliness of client deliverables (NAV, Cash Projections, and PRV). 

● Work closely with Portfolio Managers to ensure any changes in Index/benchmark are captured correctly in the fund. Ensure all corporate actions and client activity is processed correctly, thus ensuring the fund’s performance is in line with the benchmark. 

● Possess in-depth knowledge of derivatives and their use to hedge risk and meet investment objectives. 

● Attribute fund performance and ensure portfolio managers are aware of any out/underperformance relative to the benchmark. 

● Worked with the Best Practices Committee at State Street to identify and implement processes within the groups for efficiency gains. Developed tools and macros for; Centralized trade checks (equities, FXs, and futures), Daily dashboards, etc. 

● Worked with the pricing support team to better understand pricing applications and helped other fund groups to resolve issues related to pricing, derivatives/futures processing, ledger breaks, etc. 

● Compiled and submitted documentation to assist with responding to all internal and external client requests. Presented on various topics such as Purchase Redemption Value (PRVs), reconciliation, and benchmarking. 

● Communicate with the client to ensure they are aware of any NAV/Cash impacting events and coordinated client reports, including periodic, special financial reports, analyses, and audited work papers. 

● Monitor daily production closely to ensure, all corporate actions are posted before pricing of funds. Work closely with internal teams, such as Income, Tax, trade operations, settlements, custody, and pricing, to ensure the accuracy of the released NAV. 

● Ensure all exception alerts are duly answered/approved by the team.

● Funds are tracked against the benchmark, and any out/underperformance is duly attributed before NAV release. 

● Organize/participate in regular strategy meetings with businesses to focus on future goals, and ideas to match the organization's vision and future goals. 

● Support management and other client-facing groups in research and ad-hoc requests. 

BANK OF NEWYORK MELLON 2006 - 2008 Unit Head - Performance and Analytics 

● Recognized as “Best Performer” in MAS (Mellon Analytical Solutions, now Performance & Risk Analytics) in 2006 

● Developed/maintained an analytical team (12 resources) at optimal capacity to deliver on department goals. Main responsibilities included work delegation, and effectively allocating resources to standard processes and special ad hoc projects. 

● Performance Measurement & Risk Analysis: Use of performance attribution techniques - Time-Weighted returns, Money-Weighted returns, and Dietz & Modified Dietz to attribute performance. Use of stock selection and strategy tools to gauge the fund’s performance. 

● Benchmarked the performance of Investment managers against respective peers and market indices. Responsibility involved analysis of the performance of various funds (Mutual Funds, Pension Funds, etc.) 

● Compiled monthly and quarterly reports for the clients; the job entails in-depth analysis of investment (Investment in Equities, Bonds, Property, Cash, etc.) data, and finally, attribution analysis, to gauge the performance of various asset classes, as against the total fund return and the benchmark/investment brief as set up by the client. 

● Coordinated with Human Resources to conduct performance reviews, assess strengths, and identify areas of improvement (Training needs assessment) for better productivity, and provided counseling and training when needed. 

VALUENOTES DATABASE 2004 - 2006 

Investment Analyst 

BASF LTD, 2002-2003 

Research Associate - Intern 

EDUCATION 

Masters in Business Administration Finance 2003 

Bachelor of Science 2001

SUMMARY 

● Senior Portfolio Manager & a seasoned team manager well-versed in all aspects of fund management including asset allocation, optimization and management, portfolio construction and performance reporting, security selection, lending and valuation, quantitative analysis, risk modeling, mitigation, leadership, team management, and communications. 

● Well-versed in US, Developed, Emerging, and Frontier Markets leading ETF, Derivatives, and Equities. 

● Professional Experience includes managing funds for the world’s largest money manager Blackrock Inc., State Street Financial Corporation, and Bank of New York Mellon. 

AREAS OF EXPERTISE 

Aladdin • Asset Management • Basket Management • Beta • Bloomberg • Capital Markets • Commodities • Convertible Bonds • Currency • Currency Hedging • Derivatives • Dividend funds • Emerging Markets • Frontier Markets • Developed Markets • Equity • ESG • ETF • Excel • Fund of Funds • Futures • Index Equity • Index Providers • Institutional Investments • iShares • Liquidity Vehicles • Model Funds • Mutual Funds • Operations • Optimization • Performance Reporting • Portfolio Construction • Preferred Equities • Project Management • Risk Management • Securities Lending • Tax Loss Harvesting • Trading • Transitions • Wrapper Funds 

EXPERIENCE 

Blackrock, Inc. March 2020 - Present Emerging & Frontier Markets ETF Portfolio Manager, Vice President Portfolio manager of ~$250 billion of iShares funds investing in Emerging and Frontier equity markets 

● Responsible for funds with exposure to global equities - Emerging, Developed, and Frontier markets, models, and currency hedging. Funds track numerous indices and custom benchmarks 

● Oversee the launch of new ETF products, including global ESG and thematic exposures. Analyze security sampling and optimizations for new funds. Challenge existing fund structures for optimal solutions 

● Manage all aspects of portfolio management, including portfolio construction, cash balances, client flows, security mis-weights, restrictions, index changes, corporate action analysis, distributions, basket management, and trade analysis. Generate trades to keep funds in line with fund tolerance and performance expectations, while minimizing risk, managing tracking error, and minimizing transaction costs 

● Encourage index providers to improve methodologies pertaining to complex corporate actions, liquidity, best market representation, and index inclusions 

● Cultivate strong relationships with Capital Markets, Product, Trading, Operations, and Fund Admin teams 

● Led and participated in numerous focused working groups dedicated to improving BlackRock’s portfolio management process 

● Train and mentor portfolio managers 

● Led and developed a centralized Risk management tool (Target Operating Model (TOPM)) that was adopted globally by all BlackRock investment teams. 

● Led and developed a cross-team training program, ‘Utility Player,’ to optimize resourcing during rebalances, vacations, etc. 

● Regularly provided quarterly business intelligence reporting to the Leadership team to provide insight into the resourcing of teams during rebalances, and usage statistics across various Aladdin tools. 

● Identified and implemented ‘Best Practices’ globally to enhance the investment management process and Aladdin tool usage. 

● Serve on the SF VP Village operating committee. Empower VPs to learn, lead, and create an impact within the firm 

Blackrock, Inc. August 2017 - March 2020 US ETF Portfolio Manager, Vice President San Francisco, CA Portfolio manager of ~$1 Trillion of iShares funds investing in US equities domiciled in America 

● Manage portfolios including large/mid/small cap, commodities, preferreds, niche exposure sectors, and strategies (ESG, REITs, minimum volatility, momentum, quality, size, etc.). Manage all aspects of ETF and institutional index equity portfolios, including daily liquidity management, client activity, index changes, and corporate actions; ensure all portfolios are positioned according to investment parameters and guidelines while meeting performance expectations. 

● Ensure investment management of portfolios is within the set targets & tolerances, and risk controls. Ensure tolerances are reviewed periodically to remain viable to maintain portfolio performance to standards. 

● Experienced in using CFDs/TRSs, futures & commodity futures, and implementing trading strategies to meet desired investment objectives 

● Collaborated extensively with technical teams to help develop ‘Aladdin Portfolio Construction’ for investment management. 

● Collaborate with Index providers to ensure the correct implementation of corporate events and thus ensure replicability across portfolios. Evaluate trading opportunities and provide recommendations to portfolio managers across the global team. Perform pre-trade analysis, develop trading strategies, and analyze results post-trade. 

● Attribute fund performance and find ways to minimize tracking error relative to benchmark; ensure superior investment outcomes are achieved through management of risk and cost. 

● Participate and lead global and regional initiatives (investment management best practices, evaluating complexity scores of products, implementation of issue management tools, etc.) that have improved the ability to deliver investment performance, minimized operationally complex and risky practices, aligned global best practices, and built a scalable and robust platform. 

● Built relationships and partnered with other BlackRock teams (ETF product architecture and implementation, ETF Desk, corporate actions, pricing, asset setup teams, shareholder services) to support the business, including trading, operations, technology, distribution channels, strategists, and other investment teams. 

● Communicate with clients to ensure large in-kind transitions are implemented per expectations and provide technical support on performance, strategy, and index concepts to client-facing groups. 

Blackrock, Inc. July 2012 – August 2017 Institutional Portfolio Manager, Vice President San Francisco, CA Portfolio manager of ~$1 Trillion of US and Developed Markets Institutional funds for the firm’s US, EMEA, and APAC clients 

● Specialty funds managed included: international small cap, international REIT, ex-controversial weapons mandates, separate accounts, mutual funds, and custom fund structures. Benchmark families included MSCI, FTSE, Hang Seng, Topix, and Eurostoxx ● Managed all aspects of portfolio management, including cash balances, client flows, index changes, corporate actions analysis, and trade analysis. Generated trades to keep funds in line with investment guidelines and objectives, while minimizing risk, managing tracking errors, and minimizing transaction costs 

● Analyzed and reported performance tracking of funds. Created team-specific attribution spreadsheets 

● Liaised with trading teams and global PM teams on rebalancing trading strategies. Worked with internal and external transition teams to analyze assets coming in or out of institutional funds 

● Hosted client demonstrations of the portfolio management system and processes. Worked closely with the global client group to handle client requests. Lead new fund launches for the team 

● Worked with the index research group and index providers to enhance index methodology 

● Liaised with the technology group to enhance and increase the efficiency of the portfolio management system. Engaged with the technology team for future state PM tools 

State Stree Finacial Corporation March 2009 - July 2012 Assistant Vice President - Fund Accounting and Performance Sacramento, CA 

● Worked for various Business Units (Fund Accounting groups – Domestic and International Equity) within State Street and managed a team of Senior Associates and Fund Accountants, to achieve 100% accuracy & timeliness of client deliverables (NAV, Cash Projections, and PRV). 

● Work closely with Portfolio Managers to ensure any changes in Index/benchmark are captured correctly in the fund. Ensure all corporate actions and client activity is processed correctly, thus ensuring the fund’s performance is in line with the benchmark. 

● Possess in-depth knowledge of derivatives and their use to hedge risk and meet investment objectives. 

● Attribute fund performance and ensure portfolio managers are aware of any out/underperformance relative to the benchmark. 

● Worked with the Best Practices Committee at State Street to identify and implement processes within the groups for efficiency gains. Developed tools and macros for; Centralized trade checks (equities, FXs, and futures), Daily dashboards, etc. 

● Worked with the pricing support team to better understand pricing applications and helped other fund groups to resolve issues related to pricing, derivatives/futures processing, ledger breaks, etc. 

● Compiled and submitted documentation to assist with responding to all internal and external client requests. Presented on various topics such as Purchase Redemption Value (PRVs), reconciliation, and benchmarking. 

● Communicate with the client to ensure they are aware of any NAV/Cash impacting events and coordinated client reports, including periodic, special financial reports, analyses, and audited work papers. 

● Monitor daily production closely to ensure, all corporate actions are posted before pricing of funds. Work closely with internal teams, such as Income, Tax, trade operations, settlements, custody, and pricing, to ensure the accuracy of the released NAV. 

● Ensure all exception alerts are duly answered/approved by the team.

● Funds are tracked against the benchmark, and any out/underperformance is duly attributed before NAV release. 

● Organize/participate in regular strategy meetings with businesses to focus on future goals, and ideas to match the organization's vision and future goals. 

● Support management and other client-facing groups in research and ad-hoc requests. 

BANK OF NEWYORK MELLON 2006 - 2008 Unit Head - Performance and Analytics 

● Recognized as “Best Performer” in MAS (Mellon Analytical Solutions, now Performance & Risk Analytics) in 2006 

● Developed/maintained an analytical team (12 resources) at optimal capacity to deliver on department goals. Main responsibilities included work delegation, and effectively allocating resources to standard processes and special ad hoc projects. 

● Performance Measurement & Risk Analysis: Use of performance attribution techniques - Time-Weighted returns, Money-Weighted returns, and Dietz & Modified Dietz to attribute performance. Use of stock selection and strategy tools to gauge the fund’s performance. 

● Benchmarked the performance of Investment managers against respective peers and market indices. Responsibility involved analysis of the performance of various funds (Mutual Funds, Pension Funds, etc.) 

● Compiled monthly and quarterly reports for the clients; the job entails in-depth analysis of investment (Investment in Equities, Bonds, Property, Cash, etc.) data, and finally, attribution analysis, to gauge the performance of various asset classes, as against the total fund return and the benchmark/investment brief as set up by the client. 

● Coordinated with Human Resources to conduct performance reviews, assess strengths, and identify areas of improvement (Training needs assessment) for better productivity, and provided counseling and training when needed. 

VALUENOTES DATABASE 2004 - 2006 

Investment Analyst 

BASF LTD, 2002-2003 

Research Associate - Intern 

EDUCATION 

Masters in Business Administration Finance 2003 

Bachelor of Science 2001

Master's in Fianacial Administration, June 2003, Institute of Managemen Studies, India