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Wednesday, January 13, 2016 Fink and Kapito Reorg BlackRock's Investment Leadership Larry Fink and Rob Kapito are shaking up their senior investing team next month.
On the fixed income side, Tim Webb will reportedly rise to head of global fixed income while Rick Rieder will serve as global fixed income chief investment officer. Webb is currently international fixed income chief and Rieder is currently fundamental fixed income CIO. Webb will report to Kapito, BlackRock's president. On the multi-asset side, current chief Ken Kroner will reportedly retire this year. Meanwhile, the unit's chairman, Philipp Hildebrand, will reportedly take over the BlackRock Investment Institute. Rick Kushel will succeed Kroner atop the multi-asset unit. Kushel currently serves as chief product officer and head of strategic product management and will report to Kapito.
The wire service also reports that Jim Barry, global head of the infrastructure group, will now lead BlackRock's new real asset group. That group combines Barry's infrastructure group with the real estate investing unit. Printed from: MFWire.com/story.asp?s=53269 Copyright 2016, InvestmentWires, Inc. All Rights Reserved |