The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:BlackRock Targets Private Client Biz Not Rated 3.0 Email Routing List Email & Route  Print Print
Thursday, November 7, 2002

BlackRock Targets Private Client Biz

by: Ki Kim

BlackRock has hired Richard Duff, Michael Hogan, Harold Clemons and Sharon Highland in a bid to build out its private-client distribution capabilities. The team, who previously worked at PIMCO Allianz Investments, or Nicholas Applegate, has extensive experience in the areas of wholesale marketing and servicing of mutual funds and managed accounts for individuals.

The four will join BlackRock's Private Client Group, which is led by Anne Ackerley, to fill newly-created positions. They will help the firm expand into the managed account, RIA and financial planner channels.

"Over time, BlackRock has invested to build exceptional, institutional quality investment management capabilities," said Laurence D. Fink, chairman and CEO of BlackRock. "Today's announcement demonstrates our commitment to making equally important investments in expanding our Private Client business."

Duff will serve as the head of Private Client Distribution and will be responsible for expanding the firm's wholesale distribution. He will also manage internal and external wholesalers who offer the BlackRock Funds family, closed-end funds and managed accounts through broker-dealers, RIAs and financial planners. He was previously the national sales manager at Nicholas Applegate and, most recently, a managing director with Forward Management.

Hogan and Clemons will work with Duff and focus on expanding the firm's relationships with national and regional broker dealers, they both previously served as senior sales management professionals at PIMCO Allianz and its affiliate, Nicholas Applegate. Highland was a senior vice president and director of Managed Account Investment Operations at PIMCO Allianz. She will be director of Products and Operations. A spokesman for PIMCO said Hogan, Clemons and Highland will not be replaced.

"These additions to our team and the recently announced expense reductions in the Investor Classes of four of our bond funds are clear evidence that delivering BlackRock's world class institutional asset management capabilities at a personal level is a key priority for the firm," said Ackerley. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2023: Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

  1. MFDF webinar - Latest Updates In Mutual Fund Litigation and Enforcement, June 6
  2. Pershing Insite 2023, Jun 6-8
  3. Nicsa webinar - The Journey From Networking to Sponsorship, June 7
  4. MFDF webinar - SEC Staff Panel, Division of Examinations — IC Issues and Considerations For Fund Boards, June 8
  5. Expect Miracles East Coast Classic, June 8
  6. 2023 MMI Alternative Investments Forum, June 13
  7. WE DC - ESG Panel Discussion, June 13
  8. Nicsa Fearless Leadership Symposium, June 14
  9. MFDF Director Discussion Series - Open Forum (Denver), June 20
  10. The Ben Graham 10th Annual Conference, Jun 20-21
  11. IDC Industry Segment Call - Governance Committee Chairs, June 21
  12. Crane Data's Money Fund Symposium, Jun 21-23
  13. IDC Industry Segment Call - Board Leaders, June 22
  14. 2023 MMI Distribution Leadership Forum, Jun 22-23
  15. MFDF webinar - Closed-End Fund Litigation Overview and Update, June 27
  16. MFDF Director Discussion Series - Open Forum (Atlanta, GA), June 28
  17. MFDF Director Discussion Series - Open Forum (Kansas City), June 30
  18. MFDF Director Discussion Series - Open Forum (New York), July 18
  19. 2023 MMI Leadership Pathway Seminar, Jul 19-20
  20. MFDF webinar - Generative AI — It's Here, July 20
  21. MFDF Director Discussion Series - Open Forum via Zoom, July 27
  22. MFDF Director Discussion Series - Open Forum (Milwaukee, WI), August 8
  23. MFDF Improving Equity Fund Alpha Estimates, September 13
  24. 4th Annual ETFGI Global ETFs Insights Summit - United States, Sep 20-21
  25. MFDF webinar - Introduction to Retail Private Markets Funds: Structures to Access Private Equity, Private Credit, Infrastructure and Real Estate Investments, September 27
  26. Expect Miracles Atlanta Coast Classic, October 2

©All rights reserved to InvestmentWires, Inc. 1997-2023
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use