Blackrock freezes hiring

blackrock hire covid-19 coronavirus

23 March 2020
| By Jassmyn |
image
image
expand image

Asset manager Blackrock has globally frozen hiring for a few weeks as the COVID-19 pandemic continues to develop, a source familiar with the situation said.  

As reported by Reuters, a spokesperson said the firm had paused on making new offers.

“The source said plans made as recently as two weeks ago needed to be reviewed as Blackrock adjusts to a new way of doing business,” Reuters said

It said the hiring freeze underlined how painful the impact of the global selloff and COVID-19 would be for the real economy.

Currently, Blackrock had 16,200 employees in over 30 countries and had US$7.4 trillion ($12.8 trillion) in assets under management.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Shareholder

Get rid of the rest of the old guard to clean up the culture, then you might have a chance....

3 days 3 hours ago
Ray Mitchell

The previous directors and managers of both Dixon Advisory and the ultimate holding company Evans and Partners should be...

3 days 16 hours ago
Old Fella

Why would any Licensee invest in educating and training new advisers, when as soon as the handcuffs come off, they will ...

3 days 20 hours ago

Insignia Financial has unveiled a new operating model and executive team, including a new head of advice, while three senior executives are set to depart the licensee....

4 days 6 hours ago

ASIC has obtained interim orders from the Federal Court to freeze the assets of a registered managed fund and prevent its former director from leaving Australia. ...

3 weeks 4 days ago

The $280 billion Australian Retirement Trust is the first superannuation fund off the block to report its performance for the 2023-24 financial year....

2 weeks ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND