Philip Vasan

Philip Vasan is Global Head of Lending and Liquidity for BlackRock, Inc and the Deputy Head of the Portfolio Management Group. He joined BlackRock in 2016 and was the head of their Investments and Portfolio Solutions for BlackRock U.S. Wealth Advisory from 2016-2019. Previously, he was the CEO of the Private Bank of Credit Suisse in the Americas from 2013 until 2016. He also became a member of the global Management Committee of the Private Bank in that year.

Vasan was born in New York City and graduated from Oberlin College with his BA in 1980. He received his PhD in Economics from Harvard University in 1986.

Vasan became the Global Head of Lending and Liquidity for BlackRock, Inc in April 2019 and the Deputy Head of PMG in July 2020. Prior to this, he was the Head of Investments and Portfolio Solutions at BlackRock, Inc. On July 12, 2016 it was announced that Vasan was hired by BlackRock, the world’s largest asset manager, to develop BlackRock products and new portfolios for private banks and independent wealth advisers.

Prior to this, he was with the Credit Suisse bank from 1992 until 2016. In 2010 Vasan's investment unit reported $2 billion of Credit Suisse's investment banking revenue. During his tenure as CEO of the Private Bank for North America and Latin America, he sponsored the Forbes 400 Summit on Philanthropy in 2013. Vasan turned the US business to profitability, after which it was sold to Wells Fargo.

He also developed Credit Suisse’s Prime Service franchise during the ten years between 2003 and 2013. The franchise ranked a top-2 market position.

In partnership with Professor Andrew Lo of MIT, and Pankaj Patel of Credit Suisse, Vasan launched the first passive and investible Equity 130/30 index. In his Prime Services position, he was a frequent speaker on markets and on industry developments. Vasan was recognized for having promoted the multi-prime model for hedge funds before that became mainstream. Under Vasan, Prime Services became known for being the top prime broker to a select client base. Vasan was named one of the 50 most influential people in hedge funds in 2010 by HFM Week.

From 2002 to 2003 he was the worldwide head of Equity Derivatives and Convertibles, Program Trading, and Proprietary Trading.From 2000 to 2001 Vasan was the head of e-Commerce technology and investments.From 1996 to 2000 he was the Head of Global Foreign Exchange. In that role, Vasan and the heads of Foreign Exchange from other major banks launched FXall, the market’s first online FX trading platform for institutional clients.FXall was subsequently bought by Thompson Reuters.

Prior to this, from 1992 until 1996, Vasan developed and ran Credit Suisse’s FX derivatives business globally.

Before joining Credit Suisse, he worked for Citibank, trading interest rate and currency derivatives before running their FX options business in the US.

Vasan was a visiting lecturer in finance at the MIT Sloan School of Management in 1998. He is also a former Director of the Managed Funds Association. He is a member of the Board of Trustees and the Investment Committee of Oberlin College and he is on the Board of Trustees at The East Harlem School.

Vasan is married and has two children.