BlackRock equities chief Wiseman sacked for personal conduct breach - reports

Undisclosed relationship with a colleague

BlackRock has sacked global head of active equities Mark Wiseman, who broke the asset management giant's conduct rules by having an undisclosed relationship with a colleague.

In an internal memo seen by the Financial Times, BlackRock's chief executive Larry Fink and president Rob Kapito said it was "deeply disappointing that two senior executives have departed the firm in the same year because of their personal conduct", referencing the departure of former HR boss Jeff Smith. BlackRock to cut 500 jobs - report The memo said: "Our culture has always been one of BlackRock's greatest strengths. "This is not who BlackRock is. This is not our culture. We expect every employee to uphold the highest standards of behavior. This is especially critical for our se...