BlackRock sees senior management reshuffle as indexing head promoted to key role

Changes transforming industry

BlackRock is seeing a reshuffle of its senior management team, which could see Mark Wiedman, formerly head of index investing at the giant asset manager, become the heir-apparent to the running of the group.

Wiedman is being promoted to a new role where he will oversee international operations, corporate strategy and marketing and report directly to CEO Larry Fink, according to the FT. In a memo seen by the FT, Wiedman will be charged with "developing and driving [BlackRock's] corporate strategy globally" in his new role.  Fink wrote: "The changes transforming our industry put premium on strategy to drive growth, on unifying our focus on international markets, and on using our brand to drive our business. Mark will work with me and the rest of our senior leadership team to achieve these o...