BlackRock reorganizes Financial & Strategic Investors Group

Igm Financial

13/02/2024 20:05

Feb 13 (Reuters) - BlackRock  BLK.N  is changing the
organizational structure of its Financial & Strategic Investors
Group (FSIG), which works with high-net-worth institutional
clients such as sovereign wealth funds, according to an internal
memo seen by Reuters.
    The announcement follows the world's largest asset manager
unveiling changes to its senior management structure last month,
at a time when speculation has been growing over who will
succeed CEO Larry Fink. 
    "As we embark on the next leg of our journey, we are
adjusting our organizational structure to accelerate momentum,"
said Charles Hatami, global head of FSIG. 
     The changes at FSIG include reorganization of reporting
lines across the world to bring regional heads closer to
relevant clients, the memo showed.     

 (Reporting by Manya Saini in Bengaluru; Editing by Alan Barona)
 ((Manya.Saini@thomsonreuters.com;))