Specifically, Taborsky will have direct oversight of client assets within the U.S. Fiduciary Management Solutions (FMS) business of BMACS. In this newly created position, he will be responsible for developing, assembling, and managing investment solutions involving multiple strategies and asset classes for U.S.-based fiduciary clients.
He will also help develop and build out FMS’ investment capabilities across all client segments including endowments, foundations, pension plans, sovereign wealth funds, and high net worth and retail clients. Taborsky will report to Nancy Everett, Managing Director and Head of U.S. FMS.
Taborsky most recently served as Executive Vice President at PIMCO, where he was responsible for asset allocation strategies and European solutions efforts. Before joining PIMCO, he was Managing Director of the external management group at Harvard Management Company in Boston, where he managed the majority of Harvard’s external manager relationships across asset classes.
Taborsky holds a Bachelor of Commerce degree from McGill University and an MBA in Finance and Policy from the University of Chicago Booth School of Business.BlackRock’s U.S. FMS business provides investment management, advisory solutions and outsourcing to institutional clients, including U.S. 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. At June 30, 2011, BMACS, led by Michael Huebsch, managed $126 billion in assets including $50 billion in fiduciary assignments globally.