BlackRock has promoted iShares' EMEA head Rachel Lord as head of Europe, Middle East and Africe (EMEA) for the whole firm, replacing David Blumer who will become head of BlackRock's alternatives wing.
In an internal note, BlackRock's chairman and CEO Larry Fink and President Rob Kapito announced big changes in the firm with Lord also being appointed to the firm's global executive committee. She has 30 years' experience in the industry having held senior roles at both Citi Group, where she spent four years, and Morgan Stanley for 13 years. Update: BlackRock restructure to see number of manager displacements She will be replaced by BlackRock's fixed income beta head Stephen Cohen who will report to Mark Wiedman, global head of iShares and index investment at BlackRock. Fink sai...
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