Martin Small, head of the company's U.S. wealth advisory business for the past four years, will succeed Shedlin, who will take on a new role as vice chairman working directly with key clients of the firm. Shedlin joined BlackRock in 2013 after serving as a long-time strategic adviser to the world's largest asset manager. BlackRock said Shedlin would work with Small in the interim to ensure a smooth transition.
NEW YORK, October 03, 2022--BlackRock, Inc. (NYSE: BLK) announced today that Martin Small will succeed Gary S. Shedlin as Chief Financial Officer in 2023.
LONDON/NEW YORK (Reuters) -Calls to the Bank of England saying some British pension funds were struggling to meet margin calls began on Monday. Wild gyrations in financial markets in response to a government "mini-budget" on Sept. 23 meant that swathes of Britain's pension system were at risk, raising widespread concerns about the country's financial stability. British Finance Minister Kwasi Kwarteng's statement had included dramatic plans to slash taxes and pay for it with borrowing which sent government bond yields soaring.