Top BlackRock executive Mark Wiedman to depart
- Mark Wiedman, Head of the Global Client Business of BlackRock, is leaving the asset manager after more than 20 years, according to a person familiar with the matter.
- Wiedman was instrumental in driving BlackRock's growth in passive investing, with assets under management increasing from $500 billion to $1.7 trillion from 2011 to 2019.
- BlackRock, the world's largest asset manager, reached a record $11.5 trillion in assets under management in the fourth quarter.
- Last year, BlackRock made two significant acquisitions, buying HPS Investment Partners for $12 billion and Global Infrastructure Partners for $12.5 billion to expand in private credit and alternatives.
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Coverage Details
Total News Sources0
Leaning Left2Leaning Right2Center2Last UpdatedBias Distribution33% Left, 33% Center, 33% Right
Bias Distribution
- 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Center
L 33%
C 34%
R 33%
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