Jennifer Grancio on Passive Index Funds and ETFs

Masters in Business

Bloomberg

Business, Entrepreneurship, Investing

4.4 • 2.2K Ratings

🗓️ 13 January 2023

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

Bloomberg Radio host Barry Ritholtz speaks with Jennifer Grancio, the chief executive officer of impact investment group Engine No. 1. Grancio has more than 25 years of experience scaling businesses across financial services; prior to joining Engine No. 1, she founded an advisory firm where she worked closely with CEOs to accelerate growth. She also served as a founding member of BlackRock’s iShares business, where she helped drive the development of the global ETF industry and iShares’ leadership role within it.

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Transcript

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0:00.0	This is Mesters in Business with Barry Redholz on Bloomberg Radio.
0:09.0	This week on the podcast, I have an extra special guest.
0:12.8	Jennifer Granzio was there at the beginning at Barclays when the beginning of ETFs and
0:20.0	passive indexing really took off on an institutional basis.
0:24.8	She was one of the founding members when BlackRock bought ice shares from Barclays and really
0:32.0	helped drive broad adoption of passive and ETFs in the financial community.
0:40.3	Today, she is the CEO of Engine number one, which focuses on the fascinating transitions
0:47.3	that are taking place in broad strokes across the economy.
0:51.8	There are numerous opportunities in energy and climate and robotics and automation,
0:57.4	and her firm helps invest in those spaces, not quite an activist investor, but she has
1:04.9	worked with a number of companies like Exxon and General Motors and Occidental, where the
1:11.2	input of Engine number one drove significant changes at those companies.
1:17.0	They're a long-term investor.
1:18.0	They're not a black-hat activist where they're looking to buy stock for an exit of the
1:23.3	CEO and sell once the stock pops.
1:25.9	Really fascinating story.
1:27.2	I found it quite fascinating and I think you will as well.
1:30.7	With no further ado, my interview with Engine number one's Jennifer Granzio.
1:37.3	Let's start out talking about the early part of your career.
1:41.3	I'm really curious how you ended up in BlackRock, but before that, you're working as a consultant.
1:46.6	Yes, I think a lot of people in undergrad actually ended up, I went to Stanford thinking
1:51.1	I was going to do genetics and science, didn't internship pivoted, ended up doing international
	...

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