BlackRock is set to cut 500 jobs, or 3% of its workforce, over the next few weeks, according to a memo seen by Reuters.
The cuts will not take place in any specific geographical area or unit and the firm's total staff will still be 4% higher than a year ago following the layoffs. In the memo, BlackRock president Robert...
Reporting to Steve Hill
New head of managed index solutions
Joins as client adviser
Previously at Pioneer for 15 years
Carlo M. Funk named as new head