LONDON--(BUSINESS WIRE)--
BlackRock, Inc. (NYSE: BLK) today announced that Alex Hoctor-Duncan has
been appointed Head of Retail for Europe, Africa and the Middle East
(EMEA), with immediate effect. Mr. Hoctor-Duncan most recently served as
the firm’s Head of Sales for EMEA and will report to Rob Fairbairn, Head
of BlackRock’s Global Client Group (GCG) and James Charrington, Chairman
of the EMEA Region for BlackRock. He will also join BlackRock’s EMEA and
GCG executive committees, and will continue to be based in London.
“Since joining BlackRock in 1997, Alex has held a wide variety of roles
within retail, giving him a deep knowledge of how best to serve our
clients,” said Mr. Fairbairn. “Alex’s goal is to continue growing the
retail business within EMEA, where we have the second largest
international cross-border business as measured by assets under
management.”
“At a time when yields are at historical lows, markets are volatile and
confidence among investors is scarce, I am delighted to have the
opportunity to help our clients answer the question ‘What should I do
with my money?’,” said Mr. Hoctor-Duncan. “Whether they are searching
for new sources of income, considering opportunities in alternative
investments or building a more dynamic, more diverse portfolio,
BlackRock is uniquely positioned to provide practical answers for our
clients.”
Mr. Hoctor-Duncan’s role as head of the EMEA retail business is a new
position created as the firm realigns its international retail business
along regional lines. Maarten Slendebroek, who had been responsible for
international retail since 2010, is leaving BlackRock after assisting
with the transition of roles until the end of April. In Asia Pacific,
Mark McCombe, BlackRock’s Chairman of Asia Pacific, will oversee the
retail business in that region. Similarily, in Latin America & Iberia,
Armando Senra, Deputy Head of the Latin America & Iberia Region, will
oversee the retail business in that region.
Prior to being appointed to his previous role as Head of Retail Sales
for EMEA in 2009, Mr. Hoctor-Duncan had been the Head of UK Retail since
2007 and Head of UK Retail Sales since 2005. Prior to that, he had
worked within GCG with responsibility for developing and maintaining
relationships with retail investors.
About BlackRock
BlackRock is a leader in investment management, risk management and
advisory services for institutional and retail clients worldwide. At
December 31, 2011, BlackRock’s AUM was $3.513 trillion. BlackRock offers
products that span the risk spectrum to meet clients’ needs, including
active, enhanced and index strategies across markets and asset classes.
Products are offered in a variety of structures including separate
accounts, mutual funds, iShares® (exchange-traded funds), and other
pooled investment vehicles. BlackRock also offers risk management,
advisory and enterprise investment system services to a broad base of
institutional investors through BlackRock Solutions®. Headquartered in
New York City, as of December 31, 2011, the firm has approximately
10,100 employees in 27 countries and a major presence in key global
markets, including North and South America, Europe, Asia, Australia and
the Middle East and Africa. For additional information, please visit the
Company's website at www.blackrock.com.
Issued by BlackRock Investment Management (UK) Limited, authorised and
regulated by the Financial Services Authority. Registered office: 12
Throgmorton Avenue, London, EC2N 2DL. Tel: 020 7743 3000. Registered in
England No. 2020394. For your protection telephone calls are usually
recorded. BlackRock is a trading name of BlackRock Investment Management
(UK) Limited.
BlackRock
Emma Phillips, 44 (0) 20 7743 2922
EMEA Media
Relations
Emma.phillips@blackrock.com
Source: BlackRock, Inc.