Will Articulate Best Thinking from BlackRock for Investors across
Full Range of Assets Classes and Investment Strategies
NEW YORK--(BUSINESS WIRE)--
BlackRock, Inc. (NYSE:BLK) today announced that it has named Russ
Koesterich as Chief Investment Strategist. In this newly formed role,
Mr. Koesterich will focus on communicating the Firm’s investment
strategy and perspective on the markets and economy to investors and
financial advisors. He will report to Ken Kroner, BlackRock’s Global
Head of Multi-Asset Strategies.
“Russ is highly regarded for his insights on the global financial
markets and strategies for investors to navigate the rapidly changing
new world of investing,” said BlackRock President Robert Kapito. “In
this new role, Russ will focus on communicating the best thinking to
investors from throughout BlackRock, drawing on the full range of
BlackRock’s capabilities across geographies, investment strategies and
asset classes.”
“The financial world is more uncertain than it’s ever been and a
succession of seismic events has left investors unsure of what to do
next,” said Mr. Koesterich. “We believe that opportunities do exist for
investors, and I look forward to working with my colleagues across the
globe, including in the BlackRock Investment Institute, to provide
investors with answers for this new world of investing.”
Mr. Koesterich is a frequent contributor to financial news media. He is
the author of two books, including his most recent "The Ten Trillion
Dollar Gamble," which details how to position portfolios for the impact
of the growing U.S. deficit. He is also regularly quoted in print media
including the Wall Street Journal, USA Today, and Barron’s, among others.
Mr. Koesterich will continue to serve as Global Investment Strategist
for BlackRock’s iShares business, a role he has held since 2010. His
service with BlackRock dates to 2005, including his years with Barclays
Global Investors (BGI), which BlackRock acquired in 2009. At BGI, Mr.
Koesterich was the Global Head of Investment Strategy for active
equities and a senior portfolio manager in the U.S. Market Neutral
Group. Prior to joining BGI, he was Chief North American Strategist for
State Street Bank. Mr. Koesterich began his career at Instinet, where he
occupied several positions in research, including Director of Investment
Strategy for both U.S. and European research.
About BlackRock
BlackRock is a leader in investment management, risk management and
advisory services for institutional and retail clients worldwide. At
September 30, 2012, BlackRock’s AUM was $3.673 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 September 30, 2012, the firm has approximately
10,400 employees in 29 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.
BlackRock, Inc.
Jessica Greaney, 212-810-5498
jessica.greaney@blackrock.com
Source: BlackRock, Inc.