The Barclays Global Investors (BGI) side of the merging BlackRock Australia business has not only supplied the chief executive officer, but more than its fair share of other senior positions announced internally last week.
The only publicly announced positions at this point are those of Will Britten, the former BGI CEO who will run BlackRock in Australia, and Damien Frawley, the BlackRock head of distribution who will keep that responsibility and also be deputy CEO Australia when BlackRock’s purchase of BGI is finalised globally, expected to be some time in the fourth quarter of 2009.
However last week, BGI head of distribution Katherine Allchin was announced internaly as head of ishares in the new structure, with current ishares co-head Adam Seccombe to report to her, and the other co-head, Tim Bradbury, departing the business.
BGI’s director of institutional business, Katherine Seymour, will expand that role to cover the merged BlackRock busines, while Scott Phillips, currently BlackRock’s head of key accounts researchers & platforms, will become head of retail distribution for the merged entity.
BGI people will also assume seniority in the operations and product spheres, under Robert Cochrane and Doug Walls respectively.
On the investment front, there has been no official word on Morry Waked’s post-merger role, although BGI’s global chief investment officer for active equities is expected to retain his oversight of Australian shares. BlackRock’s Stephen Miller is expected to run fixed income in the merged Australian business.
BlackRock/BGI said through an external media adviser that it would not comment further on personnel matters until BlackRock’s purchase of BGI was finalised.