BlackRock will overhaul the leadership of its $300bn credit and private asset business in a bid to build more focused teams, it revealed in an internal memo.
The company confirmed to Investment Week Jim Keenan, head of global credit, will focus on private credit going forward, while Rick Rieder, CIO of global fixed income, will spearhead leveraged finance, high-yield and more liquid credit strategies. Edwin Conway, who led the alternatives unit, will lead a team focused on venture, private equity, infrastructure and growth equity investing, alongside strategies related to the transition to clean energy. BlackRock's head of multi-asset income investing to depart As part of the changes, BlackRock will no longer have a single alternatives ...
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