Advertisement
UK markets closed

  • FTSE 100

    8,433.76
    +52.41 (+0.63%)
     

  • FTSE 250

    20,645.38
    +114.08 (+0.56%)
     

  • AIM

    789.87
    +6.17 (+0.79%)
     

  • GBP/EUR

    1.1622
    +0.0011 (+0.09%)
     

  • GBP/USD

    1.2525
    +0.0001 (+0.01%)
     

  • Bitcoin GBP

    48,615.26
    -1,644.38 (-3.27%)
     

  • CMC Crypto 200

    1,261.77
    -96.24 (-7.09%)
     

  • S&P 500

    5,222.68
    +8.60 (+0.16%)
     

  • DOW

    39,512.84
    +125.08 (+0.32%)
     

  • CRUDE OIL

    78.20
    -1.06 (-1.34%)
     

  • GOLD FUTURES

    2,366.90
    +26.60 (+1.14%)
     

  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     

  • HANG SENG

    18,963.68
    +425.87 (+2.30%)
     

  • DAX

    18,772.85
    +86.25 (+0.46%)
     

  • CAC 40

    8,219.14
    +31.49 (+0.38%)
     
MONEY:

Best savings accounts that offer above inflation rates

How to earn the most interest on your savings

MOVES-BlackRock's Charrington steps down as EMEA exec chairman - memo

Reuters - UK Focus

LONDON, March 3 (Reuters) - BlackRock Inc (NYSE: BLK - news) 's James Charrington stepped down as executive chairman in Europe, Middle East and Africa this week after more than two decades at the world's biggest money manager, according to an internal memo seen by Reuters.

Charrington, who held the position since July 2010, has become non-executive chairman of the business and also remains chairman of the board of BlackRock Group Ltd, the memo sent to staff by BlackRock's chairman Larry Fink showed.

A BlackRock spokesman confirmed the contents of the memo.

The firm, which manages $4.65 trillion in assets globally, is not replacing Charrington. It had hired David Blumer as chief executive for the business two years ago and appointed Patrick Olson as chief operating officer last year. (Reporting by Nishant Kumar; Editing by Steve Slater)