Member Biographies

BlackRock Retirement Institute Advisory Council

The Global Advisory Council for the BlackRock Retirement Institute consists of executive leaders from around the world who come from cross disciplinary, diverse backgrounds. The advisory council operates as the strategic advisor for the Institute, serving as the authoritative oversight that will help drive implementation of the BRI vision.

Hiroyuki Arita | Chip Castille | Linda Fried

Joshua Gotbaum | Sally Greengross | Michael Hodin | David Lamb

Akiko Nomura | Barbara Novick | Naohiro Ogawa | Wade Pfau

Allan Polack | Bruce Wolfe

   

Hiroyuki Arita

Hiroyuki Arita

Managing Director
Representative Director & Senior Executive Director
BlackRock Japan

Hiroyuki Arita, Managing Director, Senior Executive Director of BlackRock Japan Co., Ltd. and Senior Client Strategist for Japan and Asia Pacific. He is responsible for leveraging his connections and skills across the region to identify opportunities, as well as working with the business heads in Japan to support and develop the relationships between BlackRock and some of our largest, most senior clients.

Prior to assuming the current role in 2012, he was Executive Director of BlackRock Japan Co., Ltd. and responsible for institutional and BlackRock Solutions businesses in Japan. From 2010 to 2012, he was Representative Director of BlackRock Japan. Prior to the merger with Barclays Global Investors, Mr. Arita was the President and Representative Director of BlackRock which he assumed in December 2007. He was the Executive Vice-president and Representative Director of BlackRock Japan Co., Ltd after the merger with Merrill Lynch Investment Managers in October 2006. Previously, he was the co-head of Nomura BlackRock Asset Management Co., Ltd. (NBAM) and a member of NBAM's Management Committee. NBAM is a former joint venture between BlackRock and Nomura Asset Management Co., Ltd. In addition, Mr. Arita was a portfolio manager responsible for developing and implementing strategies in the non-dollar and emerging markets sectors of the fixed income market. Prior to joining BlackRock in 1999, Mr. Arita was the chief portfolio manager for US fixed income with The Industrial Bank of Japan (IBJ) in New York. From 1992 to 1996, Mr. Arita managed US fixed income securities for IBJ's international treasury department in Tokyo. He has experience in managing CMO derivatives since 1993. From 1990 to 1992, he worked in IBJ's investment banking business in Zurich, assisting Japanese entities in issuing Swiss franc-denominated securities. Mr. Arita began his career in Tokyo in 1987 with IBJ's international business department as an advisor to clients and IBJ staff on foreign exchange law and transactions.

Mr. Arita earned a BE degree in international economics from Hitotsubashi University in 1987.

 


Chip Castille

Chip Castille

Chief Retirement Strategist
BlackRock

Chip Castille, Managing Director, is BlackRock's Chief Retirement Strategist heading the Global Retirement Strategy Group. He is responsible for managing global retirement opportunities across geographies and products, including the ongoing evolution of our LifePath and CoRI product suites. Prior to his current role, he was head of BlackRock's US Retirement Group, which included the US & Canada Defined Contribution Group. Mr. Castille is a member of BlackRock's Global Operating Committee.

Mr. Castille's current service with the firm dates back to 2007, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. At BGI, he was head of US Defined Contribution Product Development. Prior to joining BGI in 2007, he was a Managing Director at Wilshire Associates and Chief Investment Officer for Wilshire Funds Management. During an earlier stint with BGI, from 1993 to 1999, Mr. Castille was part of the team that developed LifePath portfolios, the industry's first target date fund, in 1993. In 1997, he developed BGI's Portfolio Works, a software solution that helped clients optimize manager structures.

Mr. Castille's investment management experience includes expertise in solving asset allocation, manager selection and structure problems. He co-authored "Optimizing Manager Structure and Budgeting Manager Risk" (Journal of Portfolio Management) with John Pirone and Duane Whitney, which received the Bernstein Fabozzi/Jacobs Levy award for outstanding article in 2000.

Mr. Castille earned a BA degree in journalism from Louisiana State University in 1987 and an MBA degree from Loyola University in 1989. Mr. Castille is a contributing author on the iShares Blog and serves on a variety of retirement industry boards.

 


Linda Fried

Linda Fried

Dean of the Mailman School of Public Health
DeLamar Professor of Public Health
Columbia University Medical Center

Dr. Linda P. Fried is a leader in the fields of epidemiology and geriatrics who has dedicated her career to the science of healthy aging and creating the basis for a transition to a world where greater longevity benefits people of all ages. An internationally renowned scientist, she has done seminal work in defining frailty as a medical condition, illuminating its causes and the potential for prevention as keys to optimizing health for older adults.

Fried is also the designer and co-founder of Experience Corps, a scientifically designed community-based program in 19 cities that puts senior volunteers to work in public schools. Acting as tutors and mentors, the older volunteers help boost students' academic performance while bolstering their own health through the continued activity and community interaction. Fried led a randomized, controlled trial of this innovative intervention to determine its efficacy in preventing physical disability and cognitive decline among older adults, while raising child literacy providing evidence for the potential win-wins of an aging society.

Before coming to Columbia in 2008 as Dean of the Mailman School, Fried founded the Johns Hopkins Center on Aging and Health, directed the Program in the Epidemiology and Biostatistics of Aging and the Division of Geriatric Medicine and Gerontology, and held joint appointments in the schools of medicine, nursing and public health.

In 2014, Fried was named by Thomson-Reuters as among the top 1 percent of the most influential scientific minds of the past decade. She is a member of numerous editorial and advisory boards, an elected member of the National Academy of Sciences' Institute of Medicine, as well as the Association of American Physicians. She is a member of the MacArthur Network on an Aging Society and the World Economic Forum's Council on an Aging Society and their Global Task Force on Social Protection.

 


Joshua Gotbaum

Joshua Gotbaum

Guest Scholar, Economics
The Brookings Institution

Josh Gotbaum has alternated extensive experience in business and finance with public service. Prior to joining Brookings, he was the CEO/Director of the US Pension Benefit Guaranty Corporation, managing an agency of 2,300 with investment assets of US$80+ billion that insured pensions covering 40 million people. At PBGC he helped develop legislation that allow the restructuring and preservation of multiemployer pension plans covering 10 million. Since joining Brookings he has worked to develop new methods for improving retirements. He is a fellow of the National Academy of Public Administration and the National Academy of Social Insurance.

His finance experience also includes service as Assistant Secretary of Treasury for Economic Policy, as an MD at Lazard, and as a partner in a private equity firm.

His other business experience includes running Hawaiian Airlines as its Chapter 11 Trustee; the airline became the most profitable airline in America and emerged from bankruptcy with its creditors fully repaid. He then helped a variety of investment firms to acquire and restructure businesses as varied as educational tutoring, auto parts, and the production of kosher chicken. He also served as a corporate director for TD Bank and Safety-Kleen, Inc.

He was the first CEO of the September 11th Fund, a $500+ million charity that assisted more than 100,000 people, nonprofits, and small businesses. His other government experience includes service as a senior official in the WH/OMB and at Defense under President Clinton. During the Carter administration, he worked on White House energy and economic policy staffs.

He has appeared on CNN, Fox, Bloomberg, and MSNBC and in The New York Times, The Wall Street Journal, the Washington Post and other publications. He has testified before both houses of Congress on matters ranging from retirement plans to defense housing.

Gotbaum holds graduate degrees from Harvard’s Kennedy School and Law School and an AB from Stanford.

 


Sally Greengross

Sally Greengross 

The Baroness Greengross OBE
House of Lords
Parliament of the UK

Baroness Sally Greengross has been a cross bench (independent) member of the House of Lords since 2000 and co-chairs five All-Party Parliamentary Groups: Dementia, Corporate Social Responsibility, Intergenerational Futures, Continence Care and Ageing and Older People. She is the Vice Chair of the All-Party Parliamentary Group on Choice at the End of Life, and is Treasurer of the All-Party Parliamentary Group on Equalities. Greengross is Chief Executive of the International Longevity Centre – UK; Co-President of the ILC Global Alliance; and was a Commissioner for the Equality and Human Rights Commission from 2006-12.

Greengross was Director General of Age Concern England from 1987 until 2000. Until 2000, she was joint Chair of the Age Concern Institute of Gerontology at Kings College London, and Secretary General of Eurolink Age.

Greengross is Chair of the Advisory Groups for the English Longitudinal Study on Ageing (ELSA) and the New Dynamics of Ageing (NDA). She is President of the Pensions Policy Institute and Honorary Vice President of the Royal Society for the Promotion of Health. Greengross is Patron of the National Association of Care Caterers (NACC) and Patron of Care & Repair England. She holds honorary doctorates from eight UK universities.

 


Michael Hodin

Michael Hodin

Chief Executive Officer
Global Coalition on Aging

Michael W. Hodin, Ph.D. CEO of the Global Coalition on Aging, Managing Partner at High Lantern Group, and a fellow at Oxford University's Harris Manchester College. Hodin is also a featured blogger for The Huffington Post and at The Fiscal Times, under the Age and Reason Blog.

From 1976-80, Hodin was Legislative Assistant to Senator Daniel Patrick Moynihan. During this period he was also a Visiting Scholar at Brookings Institution, on U.S. Foreign Economic Policy. He was a senior executive at Pfizer, Inc. for 30 years, where he created and then led its International Public Affairs and Public Policy operations and served on Management Boards for a number of its businesses.

Hodin is a Member of the Council on Foreign Relations, and from 2010-2013, was Adjunct Senior Fellow with a focus on population aging. He sits on the Boards of the Foreign Policy Association, Business Council for International Understanding, NYC Blood Center, American Skin Association, American Federation for Aging Research and Emigrant Savings Bank, where he is Chairman of its compensation committee. Mike is also a member of the World Economic Forum’s Global Agenda Council on Ageing.

Hodin holds a BA, cum laude, Cornell University, M.Sc.in International Relations from The London School of Economics and Political Science, and M.Phil and Ph.D. in Political Science from Columbia University.

 


David Lamb

David Lamb

Managing Director
St. James’s Place Wealth Management

David Lamb joined the SJP Group in 1992 and was appointed to the Board in 2007. Lamb is the Managing Director with responsibility for Operations, including Client Services, Marketing, Business Development and the Group’s fund range. He is Chair of the Investment Committee and a Trustee of St. James’s Place Foundation.

Lamb is a non-executive director of The Henderson Smaller Companies Investment Trust PLC and a director of the Wealth Management Association. He is also Governor of the University of the West of England, a graduate of City University, London and a Fellow of the Institute of Actuaries.

 


Akiko Nomura

Akiko Nomura

Senior Analyst
Nomura Institute of Capital Markets Research (NICMR)

Akiko Nomura is Senior Analyst at Nomura Institute of Capital Markets Research (NICMR), a research subsidiary of Nomura Holdings. Research areas she mainly covers include pension schemes, asset management industry and securities regulation.

Akiko joined NICMR in April 2004, when the institute was established. Previously, she was a research analyst at Nomura Research Institute. She worked for NRI America, Washington D.C. Office from 1993 to 1995, then joined Capital Market Research Department at NRI in Tokyo and started the career covering above research areas.

Akiko is a graduate of College of Arts and Sciences Senior Division, the University of Tokyo.

 


Barbara Novick

Barbara Novick

Vice Chairman
BlackRock

Barbara G. Novick, Vice Chairman, is a member of BlackRock's Global Executive Committee, Corporate Risk Committee and Global Operating Committee. From the inception of the firm in 1988 to 2008, Ms. Novick headed the Global Client Group and oversaw global business development, marketing and client service across equity, fixed income, liquidity, alternative investment and real estate products for institutional and individual investors and their intermediaries worldwide. In her current role, Ms. Novick heads the firm's efforts globally on Government Relations and Public Policy. In addition, she serves as a board member to the BlackRock Equity-Liquidity and BlackRock Closed End fund families, and is a member of the Executive Committee of the Investment Company Institute.

Prior to founding BlackRock in 1988, Ms. Novick was a Vice President in the Mortgage Products Group at The First Boston Corporation. Ms. Novick joined First Boston in 1985 where she became head of the Portfolio Products Team. From 1982 to 1985, Ms. Novick was with Morgan Stanley.

Ms. Novick has authored numerous articles on asset management and public policy issues. Ms. Novick is a member of CFA Institute's Future of Finance Advisory Council. She currently serves as a Trustee of Cornell University and the HCM Foundation. Ms. Novick previously served on the boards of Robert Toigo Foundation (2007-2010), UJA-Federation (2009-2015) and Westchester Day School (2000-2005), served as both Treasurer and Trustee of Westchester Jewish Center (1994-2012) and coached in the Westchester Youth Soccer League (1999-2015). Ms. Novick earned a BA degree, cum laude, in economics from Cornell University in 1981.

 


Naohiro Ogawa

Naohiro Ogawa

Professor Emeritus
Nihon University, Tokyo

Over the past 35 years Prof. Ogawa has written extensively on population and development in Japan and other Asian countries. His research has focused on issues such as socioeconomic impacts of low fertility and rapid population aging, modeling demographic and social security-related variables, as well as policies related to fertility, employment, marriage, child care, retirement and care for the elderly. His recent work includes measuring intergenerational transfers.

He has published numerous academic papers in internationally recognized journals such as American Economic Review, Journal of Labor Economics, Science, and Demography. In collaboration with other scholars he has also edited several journals and books among which the most recent one is Low Fertility and Reproductive Health in East Asia published this year by Springer. He has served on a number of committees and advisory boards set up by the Japanese government and international organizations. In December, 2014, he participated as a keynote speaker and panelist in the Nobel Week Dialogue on population aging held in Stockholm.

 


Wade Pfau

Wade Pfau

Professor of Retirement Income
The American College

Wade D. Pfau, Ph.D., CFA, is a Professor of Retirement Income in the Ph.D. program for Financial and Retirement Planning at The American College in Bryn Mawr, PA. He also serves as a Principal and the Director of Retirement Research for McLean Asset Management and inStream Solutions. He is a past selectee for the InvestmentNews “Power 20” in 2013 and “40 Under 40” in 2014, the Investment Advisor 35 list for 2015 and 25 list for 2014, and Financial Planning magazine’s Influencer Awards. He is a two-time winner of the Journal of Financial Planning Montgomery-Warschauer Editor’s Award, a two-time winner of the Academic Thought Leadership Award from the Retirement Income Industry Association, and a best paper award winner in the Retirement category from the Academy of Financial Services. He is also a contributor to the curriculum of the Retirement Income Certified Professional (RICP) designation. He is a co-editor of the Journal of Personal Finance. He has spoken at the national conferences of organizations such as the CFA Institute, FPA, NAPFA, AICPA-PFP, and AFS. He holds a doctorate in economics from Princeton University and publishes frequently in a wide variety of academic and practitioner research journals. He hosts the Retirement Researcher website, and is a monthly columnist for Advisor Perspectives, a RetireMentor for MarketWatch, a contributor to Forbes, and an Expert Panelist for the Wall Street Journal. His research has been discussed in outlets including the print editions of The Economist, New York Times, Wall Street Journal, and Money Magazine. See his Google+ profile for contact information.

 


Allan Polack

Allan Polack

Group Chief Executive Officer
PFA Pension

Allan Polack took over as Group CEO of PFA Pension in April 2015. PFA is Denmark’s leading life and pension company.

Prior to joining PFA, Allan Polack held the position as CEO of Nordea Asset Management since 2007. From 2002-2007 Allan held the position as CEO of Nordea Life & Pensions.

Allan Polack holds a M.Sc. in Economics and Business Administration and has completed an Advanced Management Program from INSEAD.

Furthermore, Allan has been chairman of a taskforce under CEPS/European Capital Markets Institute regarding long-term investment in retirement savings, and he is board member of The Stockholm Environment Institute (SEI) (international independent non-profit research institute), FIH Holding A/S and The Danish Insurance Association.

 


Bruce Wolfe

Bruce Wolfe

Managing Director, BlackRock
Executive Director, BlackRock Retirement Institute

Bruce Wolfe, CFA, Managing Director, is a member of the Global Retirement Strategy group within BlackRock's Global Retail and iShares businesses. Bruce is the Executive Director of the BlackRock Retirement Institute (BRI). BRI is the firm's global thought leadership platform on retirement and longevity. Before assuming this role, he was the COO for the USCA DC business.

Prior to BlackRock, Bruce was a Managing Director working for the global CEO and COO of Allianz Global Investors (AGI). In this role, he was responsible for a wide range of global strategic and M&A-related activities including initiating and leading Allianz’s U.S. efforts to deliver retirement solutions across the company’s investment management and insurance affiliates.  Bruce was the co-founder of the AGI Center for Behavioral Finance.

Prior to AGI, Mr. Wolfe was an Executive Vice President at Webster Financial Corporation responsible for leading all of Webster’s personal and institutional investment advisory, private banking, trust and brokerage business businesses. Before joining Webster, Mr. Wolfe had oversight for Global Strategy and Corporate Development at Merrill Lynch Investment Managers. Immediately before Merrill Lynch, Bruce was a Principal with Morgan Stanley & Company holding several Corporate and business line positions including Head of Global Strategy and Product Development for Morgan Stanley Institutional Investment Management.

Before working in the Financial Services industry, Bruce was a Management Consultant with Price Waterhouse Coopers and an Engineering Advisor on ICBM development programs to the Air Force’s Ballistic Missile Office.

Mr. Wolfe earned a B.S. degree in Materials Science Engineering from Johns Hopkins University and an M.B.A. from Columbia Business School. He holds the CFA designation, Series 7 and 63.

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