O'Shannassy to depart BlackRock
The long-serving managing director of BlackRock in Australia, Maurice O’Shannessy, is to step down later this year when the company’s merger with Barclays Global Investors is complete.
A spokeswoman for the company said O’Shannassy had announced his intentions during formulation of new arrangements for the new entity.
O’Shannessy was appointed managing director and chief investment officer for BlackRock in 1997.
AUTHOR
Mike Taylor
Recommended for you
Two commentators have shared why the inclusion of alternatives in a diversified portfolio shouldn’t be a simple switch with a traditional asset and will depend heavily on clients’ objectives.
Morgans chief executive, John Clifford, has announced he will step down from the wealth management group after eight years leading the business.
Funds under administration on the BT Panorama platform have passed $120 billion in the last six months as it progresses its migration of Asgard into the platform.
Private markets may be the hot topic of the day but two financial advisers have shared the red flags to consider and why advisers shouldn’t be tempted to invest solely in the pursuit of higher returns.
