NEW YORK--(BUSINESS WIRE)--
BlackRock, Inc. (NYSE:BLK) elected Gordon M. Nixon, former President,
CEO, and Director of the Royal Bank of Canada (“RBC”), to the Company’s
Board of Directors. Mr. Nixon, who retired from RBC in August 2014, is
scheduled to join the Board on October 6 as an independent director.
Laurence D. Fink, BlackRock Chairman and CEO, said, “With thirteen years
at the helm of a leading global financial institution and one of
Canada’s largest public companies, Gordon brings invaluable expertise
and perspective to BlackRock about the world at large and in-depth
knowledge about the North American market. His experience growing a
diversified, global financial services organization in today’s
regulatory and economic environment makes him an exceptional addition to
our Board.”
Mr. Nixon’s leadership has been widely recognized as the driving force
behind RBC’s performance during his tenure. As President and Chief
Executive Officer, Mr. Nixon transformed the organization by fostering a
client-centric culture and drove greater collaboration across functional
areas. As a result of these and other initiatives, RBC saw significant
earnings and global market share growth under his leadership. In 2010,
he was appointed a Member of the Order of Canada, one of Canada’s
highest acknowledgements of outstanding merit or distinguished service
by a private citizen. He was also twice named to Barron’s list of
World’s Best CEOs.
Mr. Nixon began his career in 1979 when he joined Toronto-based Dominion
Securities, and by 1986, he had been promoted to run Dominion’s Japanese
operations. When Dominion was acquired by RBC, he returned to
headquarters operations in Toronto. By 1999 he was promoted to Chief
Executive of RBC Capital Markets, a position which he held until his
2001 appointment as President and Chief Executive Officer of RBC.
During his professional career, Mr. Nixon has served on a variety of
boards. He currently serves as a Director of BCE, Inc., George Weston
Limited and Art Gallery of Ontario, as well as on the advisory board of
Kingsett Capital. Mr. Nixon has also served on the boards of nonprofits,
including MaRS, an organization that connects science, business, and
capital, as chair, as well as the Toronto Region Immigrant Employment
Council as co-chair. Mr. Nixon is a past chairman of the Canadian
Council of Chief Executives, and he currently chairs the Ontario
Premier's Jobs and Prosperity Council and the Queen's University Capital
Campaign. Mr. Nixon has also served on the boards of organizations in
the arts, health care, and education.
With the addition of Mr. Nixon, BlackRock’s Board of Directors consists
of 19 members, including 16 independent directors.
About BlackRock
BlackRock is a global leader in investment management, risk management
and advisory services for institutional and retail clients. At June 30,
2015, BlackRock’s AUM was $4.721 trillion. BlackRock helps clients
around the world meet their goals and overcome challenges with a range
of products that include 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®. As of June 30, 2015, the firm had
approximately 12,400 employees in more than 30 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
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BlackRock, Inc.
Media Contacts:
Ed Sweeney,
1-646-231-0268
ed.sweeney@blackrock.com
or
Investor
Relations:
Tom Wojcik, 1-212-810-8127
tom.wojcik@blackrock.com
Source: BlackRock, Inc.