Derek Stein Banner

Senior Managing Director
Global Head of Business Operations & Technology

Mr. Stein is the head of BlackRock’s Business Operations & Technology group. This group is responsible for the firm’s worldwide operations across all asset classes and geographies. The operational functions are aligned with clients, products, fund structures and our third party provider networks. He serves as a member of the Global Executive Committee and the Global Operating Committee.

Mr. Stein’s service with the firm dates back to 2005, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. At BGI Mr. Stein served as Chief Information Officer, responsible for all aspects of BGI’s operations and technology services. Before joining BGI, Mr. Stein was an executive vice president at Knight Capital, which he joined in 2001, overseeing operations, services, technology, strategy and risk management. In addition, he led Knight’s Electronic Services business. Prior to that, Mr. Stein spent 10 years with Merrill Lynch & Co. where he was a senior director responsible for the management and coordination of Merrill Lynch’s institutional global services organization across fixed income and equities, infrastructure investments and e-commerce operations. Earlier, he spent several years as a senior manager with Ernst and Young’s capital markets and banking management consulting practice. Before moving to the US from South Africa, Mr. Stein managed a long/short equity fund and was a practicing Chartered Accountant.

Mr. Stein earned a BA degree in computer science in 1982, and an MS degree in finance in 1984, both from the University of Witwatersrand in South Africa. He is a certified public accountant.