BlackRock Reorganizes Unit Advising Big Institutional Clients
The overhaul, led by Charles Hatami, is the latest reorganization in a series of changes BlackRock has announced this year.
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The overhaul, led by Charles Hatami, is the latest reorganization in a series of changes BlackRock has announced this year.
The firm will conduct sales of $27 billion in securities from Signature and $87 billion from SVB Financial Group’s Silicon Valley Bank, the Federal Deposit Insurance Corp. said in a statement Wednesday.
BlackRock was hired by US regulators to help sell $114B in securities it amassed from failed lenders Signature Bank and Silicon Valley Bank
The discrete advisory arm drives little revenue. It has a relatively small staff. But its value to BlackRock, the largest money manager, is priceless.
REUTERS/Yuri Gripas This story is available exclusively to Insider subscribers. Become an Insider and start reading now. BlackRock has named new leaders within its Financial Markets Advisory (FMA) business, which acts as a sort of consultancy to major institutions and central banks including the Federal Reserve. The business, which remains under global head Charles Hatami, has created new co-head roles and promoted two senior leaders to those posts, and also named a new head of EMEA. FMA's Americas head has gone to BlackR...