Charles Shaul Hallac (October 20, 1964 – September 9, 2015) was the co-president of

BlackRock BlackRock, Inc. is an American Multinational corporation, multinational investment company. Founded in 1988, initially as an enterprise risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager ...

Biography

Early life and education

Charles Hallac was born in

Tel Aviv Tel Aviv-Yafo ( or , ; ), sometimes rendered as Tel Aviv-Jaffa, and usually referred to as just Tel Aviv, is the most populous city in the Gush Dan metropolitan area of Israel. Located on the Israeli Mediterranean coastline and with a popula ...

and moved to the

Philippines The Philippines, officially the Republic of the Philippines, is an Archipelagic state, archipelagic country in Southeast Asia. Located in the western Pacific Ocean, it consists of List of islands of the Philippines, 7,641 islands, with a tot ...

as a toddler. He grew up in a

Jewish Jews (, , ), or the Jewish people, are an ethnoreligious group and nation, originating from the Israelites of History of ancient Israel and Judah, ancient Israel and Judah. They also traditionally adhere to Judaism. Jewish ethnicity, rel ...

family. He graduated from

International School Manila International School Manila (abbreviation: ISM or IS Manila) is a private, non-profit, non-sectarian international school located in Bonifacio Global City, Taguig, Metro Manila, Philippines. Founded in 1920 as the American School by a group of Am ...

. He earned a

Bachelor of Arts A Bachelor of Arts (abbreviated B.A., BA, A.B. or AB; from the Latin ', ', or ') is the holder of a bachelor's degree awarded for an undergraduate program in the liberal arts, or, in some cases, other disciplines. A Bachelor of Arts deg ...

economics Economics () is a behavioral science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interac ...

and

computer science Computer science is the study of computation, information, and automation. Computer science spans Theoretical computer science, theoretical disciplines (such as algorithms, theory of computation, and information theory) to Applied science, ...

from

Brandeis University Brandeis University () is a Private university, private research university in Waltham, Massachusetts, United States. It is located within the Greater Boston area. Founded in 1948 as a nonsectarian, non-sectarian, coeducational university, Bra ...

in 1986.

Career

From graduation until 1988, Hallac was an associate in the Mortgage Products Group at

First Boston : ''For the company after its acquisition by Credit Suisse, see Credit Suisse First Boston (known as CSFB and CS First Boston)'' The First Boston Corporation was a New York–based bulge bracket investment bank, founded in 1932 and acquired by ...

. He joined BlackRock as its first employee at its inception in 1988 to build the technological and operational foundation of the firm. He purchased the first computer for the firm and created the

Aladdin Aladdin ( ; , , ATU 561, 'Aladdin') is a Middle-Eastern folk tale. It is one of the best-known tales associated with '' One Thousand and One Nights'' (often known in English as ''The Arabian Nights''), despite not being part of the original ...

system and was a co-founder of BlackRock Solutions which he ran until 2009. In 2009, Hallac became

chief operating officer A chief operating officer (COO), also called chief operations officer, is an executive in charge of the daily operations of an organization (i.e. personnel, resources, and logistics). COOs are usually second-in-command immediately after the C ...

for BlackRock, serving until 2014.

Awards

In 2001, Hallac, with his colleague, Bennett Golub, received the "Asset Management Risk Manager of the Year" award from ''

Risk Magazine ''Risk'' is an English financial industry trade magazine that specializes in financial risk management, regulation, and asset management. Since its establishment in 1987 by Peter Field, it has undergone ownership changes, transitioning from the R ...

''.

Personal life

Charles Hallac lived with his wife and their three children in

Scarsdale, New York Scarsdale is a Administrative divisions of New York#Town, town in Westchester County, New York, United States. The Town of Scarsdale is coterminous municipality, coextensive with the Village of Scarsdale, but the community has opted to operate ...

. He died on September 9, 2015, aged 50, at

Memorial Sloan-Kettering Cancer Center Memorial Sloan Kettering Cancer Center (MSK or MSKCC) is a oncology, cancer treatment and research institution in Manhattan in New York City. MSKCC is one of 72 National Cancer Institute–NCI-designated Cancer Center, designated Comprehen ...

, four years after being diagnosed with

colorectal cancer Colorectal cancer (CRC), also known as bowel cancer, colon cancer, or rectal cancer, is the development of cancer from the Colon (anatomy), colon or rectum (parts of the large intestine). Signs and symptoms may include Lower gastrointestinal ...

References

{{DEFAULTSORT:Hallac, Charles 1964 births 2015 deaths 20th-century American businesspeople 20th-century American Jews 21st-century American businesspeople 21st-century American Jews Brandeis University alumni Deaths from colorectal cancer in New York (state) Businesspeople from Scarsdale, New York Businesspeople from Manila