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Wednesday, January 09, 2019|
One of Fink's Key Three Marks Rises
One of the pack of "three Marks and two Robs" have may have pulled ahead in the race to succeed Larry Fink ... though it's still not clear when that race will end. Meanwhile, Fink has also chosen familiar new index investing and advisor-channel chiefs.
A BlackRock spokeswoman did not immediately return MFWire's call for comment.
Meanwhile, Fink also promoted Salim Ramji, head of the U.S. wealth advisory business, to succeed Wiedman as head of the index investing business, putting him back on the executive committee. Ramji will be succeeded atop U.S. wealth advisory by Martin Small, head of U.S. iShares. BlackRock chief marketing officer Frank Cooper (and BlackRock's Asia-Pacific and Europe chiefs) will report both to Fink and to Wiedman.
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