BlackRock's iShares plans six new hires ahead of RDR

BlackRock's ETF arm iShares plans to hire at least six people for its UK-based business to prepare for RDR next January.

As well as the new hires, iShares will also be rolling out different asset allocation models for advisers. The new appointments will include direct sales, asset allocation model planners and marketing and content providers for IFAs. Head of iShares EMEA Joe Linhares said: "At BlackRock we are very excited about RDR. We believe it will enhance the move to more advisers offering fee-based services. "The plans are currently in formation, but we will be adding at least half a dozen people. Over the next 36 months we will invest in more people as we see the opportunity developing." A...