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Komfie Manalo, Opalesque Asia: There is a changing of the guards at BlackRock Capital Investment Corporation (BICC).
BICC Chief Financial Officer Donna Milia is leaving the company. She will be replaced by Michael Pungello, co-head of BlackRock's Global Alternatives Operations group. Pungelo assumed the interim CFO position effective October 20.
However, Milia has agreed to remain with BlackRock Advisors, LLC, the investment advisor of BCIC until December 29, 2017.
Pungello is a member of BlackRock Business Operations as part of Global Fund Administration. Pungello is familiar with the accounting and operations of BCIC due to his position at BlackRock as well as his involvement in both the transaction leading up to BlackRock's purchase of BlackRock Kelso Capital as well as the integration following the March 2015 acquisition. In addition to his interim CFO duties, Pungello is also responsible for administrative support for various alternative products including hedge funds, hedge fund of funds, and private equity funds.
Pungello's service with the firm dates back to 1998, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. Prior to moving to his current role in 2006, Pungello was the Chief Financial Officer for Merrill Lynch Alternative Investments. Previ...................... To view our full article Click here
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