William A. Henderson, Jr., Managing Director, is an executive member of BlackRock's Global Fixed Income Team. He is the head of and Lead Portfolio Manager on the Short Duration Municipal Team. He is a member of the Municipal Bond Operating Committee, a senior member of BlackRock's Cash Management Portfolio Management Group and the Global Cash Management Credit Committee. Mr. Henderson serves as the primary portfolio manager for tax-exempt portfolios, mutual funds and separately managed accounts.

Prior to joining BlackRock in 1993, Mr. Henderson was a Vice President and portfolio manager in the Investment Advisory Division of Tycor Asset Management. Mr. Henderson previously managed institutional investment portfolios and money market accounts for Independence Capital Management, Inc., a Penn Mutual life insurance company.

Mr. Henderson earned a BS degree in finance in 1987, and an MBA degree in finance in 1993, both from Pennsylvania State University. Mr. Henderson serves as the Chair of the Investment Committee of the Boy Scouts of America - Washington Crossings Council, and Chair of the Investment Committee of St. Paul's Lutheran Church, Ardmore, PA. Mr. Henderson is also a member of the finance committee and Chair of the Membership Development Committee at St. David's Golf Club in Wayne, PA. Mr. Henderson is a life member of the National Eagle Scout Association.