Anne Ackerley will assume responsibility for the retail financial institutions group business and take sole leadership of the retirement solutions group.
BlackRock Vice Chairman Philipp Hildebrand will serve as chairman of both the financial institutions group and financial markets advisory teams, in addition to his other roles.
Rick Rieder will lead the global allocation investment team, and will be a portfolio manager for global allocation alongside Dan Chamby, Russ Koesterich and David Clayton. Supurna VedBrat will become head of global trading. Richie Prager will retire in July.
Rob Fairbairn will become vice chairman of BlackRock, responsible for some of the firm’s most complex clients and will report to Fink. Armando Senra becomes head of U.S., Canada and Latin America iShares; Dominik Rohe succeeds Senra as head of the Latin America region; and Andrew Landman succeeds Rohe as head of Australasia.
The Wall Street Journal reported the changes earlier Tuesday.
This article provided by Bloomberg News.