World's Largest Asset Manager To Form Real Assets Group
BlackRock is combining its real estate and infrastructure platforms into a real assets group starting Feb. 1, a strategic move to restructure the company's leadership.
BlackRock’s current head of global infrastructure, Jim Barry, will lead the group, while Marcus Sperber will remain head of real estate under Barry, GlobeSt reports.
"Given the uncertainty created by central bank actions around the world," BlackRock CEO Larry Fink and president Ron Kapito wrote in an internal memo, "clients are valuing guidance on fixed income markets."
BlackRock, the world's largest asset manager, named Rich Bushel head of the multi-asset strategies team, Tim Webb to oversee global fixed income, and combined the fundamental active equity and scientific active equity groups under Chris Jones, Nigel Bolton, Raffaele Savi and Jeff Shen. [GS]