In her new role, Everett will lead the growth and development of BlackRock’s US FMS business, which provides investment management, advisory solutions and outsourcing to large institutional clients, including US pension plans, endowments and foundations.
Fiduciary outsourcing mandates, in which a client retains BlackRock to assume responsibility for some or all of their assets, are managed by FMS within BlackRock’s Multi-Asset Client Solutions (BMACS) group.
Most recently, Everett served as CEO at Promark Global Advisors (formerly General Motors Asset Management), directing investment personnel and business strategy for the firm, which managed approximately $140bn of client assets.
At Promark Global Advisors, Everett was responsible for the management of GM’s defined benefit and defined contribution plans. In addition, Promark was a third-party provider of asset management services for institutional investors including total plan management outsourcing, alternative investments, direct investing, insurance and strategic solutions.
Prior to joining Promark Global Advisors in 2005, Everett spent 26 years with the Virginia Retirement System where she held various positions in the investment department prior to being named chief investment officer of the defined benefit plan.
