Ethic Inc. (“Ethic”), a tech-driven asset management platform that powers sustainable investment portfolios, today announced the addition of fintech visionary Stephanie DiMarco, and exchange-traded fund pioneer Jennifer Grancio, to its board of directors.
Ms. DiMarco is a co-founder of Advent Software, a leading provider of software and services for the global investment management industry, and served as the company’s CEO for 25 years. Under Ms. DiMarco’s leadership, Advent evolved into a global industry leader with a powerful business model. She led Advent through its initial public offering in 1995 and subsequently through the firm's eventual sale to SS&C Technologies in 2015 for $2.6 billion.
Ms. Grancio brings almost two decades of financial services industry experience, having previously held senior executive positions within BlackRock’s venerable iShares business for more than 18 years. A member of the founding team that introduced iShares ETFs to the market, she went on to lead the firm’s U.S. and European distribution efforts, and later served as global head of marketing and partnerships for BlackRock’s index business. During her tenure, BlackRock significantly increased its sustainable investing offering. Ms. Grancio joined Ethic’s advisory board in April 2019.
“Stephanie and Jennifer are leaders in the financial services and technology industries, and we’re delighted to welcome them to our board,” said Doug Scott, co-founder and CEO of Ethic. “Both are visionaries who have built and scaled leading financial services and technology businesses. Their collective expertise and insights will be extremely valuable in helping us accelerate the transition to sustainable investing.”
“The wealth management industry is in a state of evolution. Advisors are hearing from their clients that they want portfolios aligned with their values. Clients are increasingly attuned to the impact their invested capital can have on the world,” added Ms. DiMarco, “At the same time, there is a growing necessity for advisors to offer their clients personalized investment solutions. Ethic’s platform is facilitating both of these trends. I look forward to working alongside the Ethic team as they continue to bring powerful tools and resources for sustainable investing to a broad market.”
Ms. Grancio noted: “Ethic has assembled a talented team and a dynamic platform for advisors to personalize solutions for their clients. I’m proud to be a part of the company’s journey as it continues to grow quickly to support the overall acceleration of sustainable investing.”
As members of Ethic’s board of directors, Mses. Grancio and DiMarco will provide guidance and strategic insight to help the company expand its sustainable investing offering and client base. Their appointments come on the heels of recent company highlights including a $13 million Series A raise and a partnership with Fidelity Investments. For more information, and to read the latest Ethic news, see here.