Global private equity firm Warburg Pincus said it has haired former iShares CEO Lee Kranefuss to help the company identify and evaluate investment opportunities in exchange traded funds and other areas.
Warburg said Kranefuss has been appointed an executive-in-residence.
Kranefuss played a key role in the development of the iShares ETF business at Barclays Global Investments before the unit was sold to BlackRock (NYSE: BLK).
Kranefuss oversaw the global expansion of iShares from launch in 2000 to over $600 billion in assets in 2010, Warburg said in a press release.