Breaking News
FONT-SIZE Plus   Neg
Share SHARE

BlackRock Names Gary Shedlin Finance Chief - Update

RELATED NEWS
Trade BLK now with 

BlackRock, Inc. (BLK: Quote) Tuesday said Gary Shedlin, a long-time strategic and financial advisor to the company, will join the firm as Senior Managing Director and Chief Financial Officer.

Shedlin will become a member of BlackRock's Global Executive Committee, reporting to Chairman and Chief Executive Officer Laurence Fink.

Shedlin replaces Ann Marie Petach, who is joining BlackRock Solutions as Senior Managing Director in the Client Solutions business. In this role, she will help develop critical client relationships and business initiatives with a special focus on solutions offerings for public and private pension funds.

Shedlin will join the firm on March 11 and work closely with Petach through a transition period until she completes her tenure as CFO after reporting BlackRock's first quarter earnings results.

Shedlin joins BlackRock from Morgan Stanley, where he is Vice Chairman, Investment Banking as well as a Managing Director in the Financial Institutions Group. He has spent over 25 years advising companies in the financial services sector including as Chairman of the Financial Institutions Group at Citigroup and Managing Director and Co-Head of the Financial Institutions Group at Lazard.

He has served as an advisor to BlackRock on nearly all its most significant strategic transactions. As Chief Financial Officer, he will be responsible for BlackRock's Corporate Finance functions including Business Finance; Accounting; Finance Operations; Tax, Treasury and Risk Management; as well as Investment Products & Controls.

Shedlin will also be responsible for Investor Relations and Corporate Development as well as Strategy, which has a co-report to Fink.

BLK closed down 0.3 percent on Tuesday at $238.86.

Register
To receive FREE breaking news email alerts for Blackrock Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
After moving sharply lower at the open, stocks showed a substantial recovery attempt over the course of the trading day on Monday. The Nasdaq and the S&P 500 bounced well off the one-month intraday lows set in early trading but still closed in the red. While most Americans oppose sending ground troops into combat operations against the terrorist group known as ISIS, the results of a CNN/ORC International poll found that an even larger majority think the American military will still end up putting boots on the ground. With incumbent Sen. Kay Hagan, D-N.C., and Republican challenger Thom Tillis running nearly neck-and-neck in the North Carolina Senate race, the results of a new CNN/ORC International survey suggest that the race could be decided by the number of votes for Libertarian candidate Sean Haugh.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.