With CVC Capital Partners out of the picture, Barclays' board sanctions the deal and now awaits shareholder approval.
The perils in the acquisition are considerable in Japan, where the BGI franchise has more to lose than to gain.
The offer from BlackRock includes the purchase of BGI's iShares business, unless CVC Capital Partners matches the offer.
While the mid- to long-term outlook for Asian equities is very attractive, there remains potential for short-term volatility, he says.
The market is over-crowded with investors and valuations are stretched.
BlackRock is named asset manager of the year by AsianInvestor, while marquee awards also go to the National Pension Service, Goldman Sachs, Lyxor and HSBC Wealth Management.
BlackRock's global equity investment teams generally favour companies aligned with Asian domestic consumption rather than those driven by exports.
Investment Outlook Series: Nick Scott, CIO for Asian equities at BlackRock, favours companies with strong balance sheets and those likely to benefit from low interest rates.
The job cuts are part of an ongoing global process that started in the US, where 10 investment professionals recently lost their jobs.
Jing Ning, a senior portfolio manager for Chinese equities at BlackRock, says the sell-off in China-related shares has created attractive buying opportunities for long-term ...
At least 70% of the portfolio will be invested in red-chips and H-shares.
The fund house says the current economic backdrop should provide a basis for stock prices to grind higher and it prefers more defensive markets such as the US and Japan.
Elevated to serve as BlackRock’s vice chairman for Asia, he takes a hands-on role in regional strategy, while Hiroyuki Arita wants to boost the firm’s retail business in Japan.
BlackRock acquires Merrill Lynch's 40% stake in DSP Merrill Lynch Fund Managers as part of the global deal between the companies.
It terminates a BlackRock bond mandate for a BlackRock fund of hedge funds overlaid on a bond index.
A new consortium of global fund managers operating in Asia wants to spread automation and standards among distributors.
Larry Fink discusses integrating Merrill Lynch Investment Management, asset classes and products to build, and competing on a global scale.
Former under-secretary of US Treasury Department named chairman of Asian businesses.
The institutional fund and risk manager is building off established businesses in Hong Kong and Australia.