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Amin Nasser will be represented on the supervisory board in the future, Blackrock announced on Monday. Nasser joined Saudi Arabia's state-owned oil giant in 1982 as a petroleum engineer. In 2015, he was promoted to CEO of the Group and was thus also responsible for the IPO in 2019. He is to replace Bader Alsaad, the chairman of the board of the Arab Fund for Economic & Social Development, who will not stand for re-election in 2024. The appointment is explosive because it can be seen as a signal to the vocal critics in the USA of the asset manager's strategy.

By Anna Cooban, CNN

The world's top asset manager BlackRock has named Amin Nasser, the chief of the world's largest oil company Saudi Aramco, as an independent director. Nasser joined Saudi Arabia's state oil giant as a petroleum engineer in 1982, and decades later in 2019 led Aramco's initial public offering. His expertise in the Middle East will fill the gap left by Bader Alsaad, chairman of the board of the Arab Fund for Economic & Social Development, who is not standing for reelection on BlackRock's board in 2024, the asset manager said on Monday.

By Natalie Grover LONDON (Reuters) - The world's top asset manager BlackRock has named Amin Nasser, the chief of the world's largest oil company Saudi...