Philadelphia-headquartered, alternative asset manager Future Standard has appointed Edwin Conway as its new chief executive.
Conway joins from BlackRock, where he spent 13 years in several leadership roles, including as global head of the firm’s alternatives business. Prior to joining BlackRock, Conway was a partner and senior managing director at Blackstone.
Future Standard is transitioning, with its co-founder, Michael Forman, moving from chief executive to executive chairman.
“Michael has built a great firm with exceptional colleagues, deep client relationships, and strong momentum,” said Conway. “I am excited to partner with Michael and the leadership team to evolve and grow the business and serve our clients.”
Meanwhile Forman welcomed Conway, saying “he has the vision and global perspective to build on our strong foundation … and deliver differentiated outcomes as private markets play an increasingly important role in clients’ portfolios.”
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Future Standard holds over $94bn (£70bn) in assets under management and recently completed the acquisition of Post Road Group’s digital infrastructure and asset-based team, which further enhanced the firm’s private markets offerings.
The firm also has offices in Europe and Dubai, Seoul, and Tokyo.
The appointment of Conway is the latest in a series of key senior hires. In May, the firm appointed Chris Keogh as co-president and head of client engagement and capital formation as the firm looks to expand its institutional and wealth distribution channels.
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