Exit of Asia division heads sparks changes at BlackRock

Despite the inexorable growth of its client assets under management, the world’s biggest fund manager remains vulnerable to staff changes in tough markets, with important implications for its equity investment desk. BlackRock, which reported a new peak of $7.43 trillion in assets under management at the end of 2019, has in recent weeks seen several senior executives leave, with their responsibilities absorbed by incumbent staff. Oisin Crawley They include Oisin Crawley, …