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BlackRock adds to key executive committee in talent shuffle, Financial Times reports
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BlackRock adds to key executive committee in talent shuffle, Financial Times reports
Sep 16, 2025 1:11 PM

Sept 16 (Reuters) - BlackRock ( BLK ) on Tuesday added

20 of its top executives to a committee which plays a vital role

in shaping strategy for the world's largest asset manager, the

Financial Times reported on Tuesday citing a letter from chief

executive Larry Fink and president Rob Kapito.

The appointments to BlackRock's ( BLK ) global executive committee

include Sarah Melvin, head of the company's UK business, and

Mike Pyle, who is the deputy head of the portfolio management

group within BlackRock ( BLK ), the report added.

A spokesperson for BlackRock ( BLK ) declined to comment on the

report.

Vice Chairman Mark McCombe will retire in early 2026, the

Financial Times added.

BlackRock ( BLK ) had in August promoted a senior member of its

stewardship team to lead the company's interactions with

corporations in the Americas as part of a broader series of

management changes.

The asset manager has been attempting to diversify revenue

streams as it grapples with diminishing fees from lower-fee

index strategies.

Earlier this month, it struck a deal with Citigroup ( C/PN ) to

manage about $80 billion in assets for the bank's wealth

management clients.

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