In Memory

Patricia Dunn, BA 75


Patricia Dunn, Former Haas Board Member and Barclay's Global Investors CEO

Former Barclays Global Investors CEO Patricia Dunn, BA 75 (Journalism), a pioneer for women in business who served on the Haas Board for 11 years, passed away Dec. 4 after a long battle against cancer. She was 58.

Dunn served on the Haas Board, which advises the dean, from 1999 to 2010 and the board of Hewlett-Packard from 1998 to 2006 after a successful investment banking career that included leading Barclays Global Investors (BGI) as its CEO from 1995 to 2002.

Dunn's connection to the Haas School came through her husband, Haas alumnus William Jahnke, MBA 69, a former CEO of Wells Fargo Investment Advisers, where he and Dunn met. In addition to serving on the Haas Board, Dunn annually sponsored a table at the Haas Gala, was a major sponsor of the Haaski Golf Tournament, a sponsor of the Women in Leadership Dinner, and a speaker at various Haas events. "

She rose up the corporate ladder during a time when women were discriminated against openly," said Haas Lecturer and alumnus Steve Etter, BS 83, MBA 89, a partner with Greyrock Capital, whose single mother was mentored by Dunn. Like Dunn, Etter's mother rose from typist to successful corporate executive. "There is no doubt in my mind that Ms. Dunn made huge strides for women from her career advancement and management practices."

After earning a journalism degree from UC Berkeley, Dunn landed a temporary secretarial job at Wells Fargo Investment Advisors, which was later acquired by Barclays Global Investors. She rose through BGI, one of the world's largest asset managers, to eventually lead the company. Her many accomplishments at BGI included the launching in 2000 of iShares, a family of exchange-traded funds (ETFs) that now play a major role in the investment world and helped make ETFs mainstream.

Dunn made Fortune magazine's "Power 50" List of America's Top Women in 2000. She stepped down from Barclay's in 2002 to fight breast cancer and melanoma, and then went on to fight ovarian cancer, according to press reports.

Dunn is survived by her husband, Jahnke; three children; and 10 grandchildren.

Warren Hellman, BA 55


Warren Hellman, Haas Board Member and San Francisco Financier

Longtime Berkeley Haas benefactor Warren Hellman, BA 55, a successful financier and San Francisco power broker, passed away Dec. 18 from complications from leukemia treatment. He was 77.

Hellman was a member of the Haas Board, which advises the dean, since 1987 and gave generously to both the Haas School and UC Berkeley.

Last year the Haas School awarded Hellman with its Lifetime Achievement Award to recognize his countless accomplishments in finance and wide-ranging philanthropic activities, from founding and funding the San Francisco Bluegrass Festival to seeding The Bay Citizen, a news website. In 2006, the Haas School's Lester Center for Entrepreneurship awarded Hellman its Lifetime of Achievement in Entrepreneurship and Innovation Award.

"Warren was a man of great humility and an unbridled zest for life," Dean Rich Lyons, BS 82, said. "He was a friend and a trusted adviser to me and many deans before me. For the past 25 years, he has lent an invisible guiding hand to many Berkeley Haas initiatives to help us do what is right, what is best, and what is bold. We will miss him dearly."

Hellman triple-majored in economics, political science, and history while playing varsity water polo at UC Berkeley. After graduation, Hellman served in the Army and then attended his father's alma mater, Harvard Business School. After earning his MBA, Hellman worked at Lehman Brothers, becoming the firm's youngest partner at the age of 26 and president at 36.

Hellman co-founded a venture capital firm in Boston now called Matrix Partners in 1976. He eventually returned to the Bay Area and co-founded the private equity firm Hellman & Friedman in 1984. Although he stepped down as chairman in 2010, he remained on the firm's investment committee. The firm's biggest investment successes included advertising firm Young & Rubicam and Internet advertising firm Doubleclick.

In 1994, Hellman and his family gave a $5 million gift to Cal to create the Hellman Fellows Program, which has supported the research of more than 200 junior faculty. In 2004, he helped endow Cal's aquatics program, including water polo.

Hellman is survived by his wife, Patricia Christina Sander Hellman; four children; 12 grandchildren; and one great-grandchild.

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