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John W. Rogers, Jr.
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John W. Rogers, Jr.

Chairman, Co-CEO & Chief Investment Officer
Lead Portfolio Manager
Ariel Fund
Co-Portfolio Manager
Ariel Small Cap Value, Ariel Small Cap Value Concentrated, Ariel Small/Mid Cap Value, Ariel Mid Cap Value and Ariel Appreciation Fund
John’s passion for investing began at age 12 when his father began buying him stocks as Christmas and birthday gifts. His interest in equities grew at Princeton University, where he majored in economics, and over the two-plus years he worked as a stockbroker for William Blair & Company, LLC. In 1983, John founded Ariel to focus on patient, value investing within small- and medium-sized companies. While our research capabilities have expanded across the globe, patience is still the disciplined approach that drives the firm today. Early in his career, John’s investment acumen brought him to the forefront of media attention and culminated in him being selected as Co-Mutual Fund Manager of the Year by Sylvia Porter’s Personal Finance magazine as well as an All-Star Mutual Fund Manager by USA TODAY. Furthermore, John has been highlighted alongside legendary investors Warren Buffett, Sir John Templeton and Ben Graham in the distinguished book: The World’s 99 Greatest Investors by Magnus Angenfelt. His professional accomplishments extend to the boardroom where he is a member of the board of directors of McDonald’s, NIKE, The New York Times Company, and Ryan Specialty Group Holdings. John also serves as vice chair of the board of trustees of the University of Chicago. Additionally, he is a member of the American Academy of Arts and Sciences, and a director of the Robert F. Kennedy Center for Justice and Human Rights. In 2008, John was awarded Princeton University’s highest honor, the Woodrow Wilson Award, presented each year to the alumnus or alumna whose career embodies a commitment to national service. Following the election of President Barack Obama, John served as co-chair for the Presidential Inaugural Committee 2009, and more recently, he joined the Barack Obama Foundation’s Board of Directors. John received an AB in economics from Princeton University, where he was also captain of the varsity basketball team.
Cheryl Cargie
Cheryl Cargie

Cheryl Cargie

Senior Vice President
Head Trader
With over 30 years of trading experience, Cheryl is Ariel’s head domestic trader. Prior to joining the firm in 1994, she was vice president and head trader at Fiduciary Management Associates. In this capacity, she was the firm’s principal trader of both equities and fixed income securities. Prior to her tenure at Fiduciary Management, Cheryl was an equity trader at Aon Corporation. She is an active member of NASDAQ’s Institutional Traders Advisory Council and a member of the National Organization of Investment Professionals. In 2013, Cheryl was honored with The Lifetime Achievement Award from the Securities Traders’ Association of Chicago (STAC), where she also served as a past president. Traders Magazine also recognized her industry experience and commitment to excellence in 2015 with The Lifetime Achievement Award. Outside of Ariel, Cheryl is involved in her community, where she is a Commissioner of the River Forest Park District Board. Cheryl graduated from Illinois State University with a BS in finance.
Conner Chapman
Conner Chapman

Conner Chapman

ESG Research Associate
Conner works on all aspects of the Domestic Research Team’s ESG process including engagement/meeting tracking, correspondence including diverse board recommendations, data management, ESG research, project management, and other strategic projects. Prior to joining Ariel in 2019, he was an intern with The University of Virginia Law Foundation, the CFA Society Chicago and The University of Chicago Office of Investments. Conner earned a BA in Economics from The University of Chicago.
Aaron Diaz Bianco
Aaron Diaz Bianco

Aaron Diaz Bianco, JD/CFA®

Research Analyst
Aaron’s research focus is on the infrastructure and technology sectors across our domestic strategies. He joined Ariel in 2014 as a summer intern and returned as a full-time research analyst in 2015. Prior to joining the firm, he served as an investment banking analyst at Barclays and corporate attorney at Jones Day. Aaron graduated with an AB in politics from Princeton University. Additionally, he earned his MBA in analytic finance and accounting from the University of Chicago, and holds a JD from the University of California, Berkeley School of Law. Aaron is also a member of American Mensa, Ltd.
Danan Kirby
Cheryl Cargie

Danan Kirby

Vice President
Client Portfolio Manager
Danan Kirby is a Vice President and Client Portfolio Manager for the domestic equity research team. In this role, Danan serves as a liaison for the investment team and key investment decision-makers, communicating the process and results of the firm’s domestic investment strategies. Prior to joining Ariel, Danan was a Client Portfolio Manager for Thornburg Investment Management, covering both equities and fixed income. Prior to that role, he was a portfolio manager for Strategic Growth Bancorp managing multi-asset strategies for institutional clients. Earlier in his career, he served as a federal banking regulator at the Federal Deposit Insurance Corporation during the financial crisis. Danan is also a combat veteran of the U.S. Army. He graduated summa cum laude from the University of New Mexico’s Anderson School of Management with a BBA, concentrating in finance. He is a CFA charterholder.

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