BlackRock co-founder Novick steps down as vice chair - reports

Will remain as a senior adviser

Co-founder of BlackRock Barbara Novick is set to step down from her role as vice chair.

Novick, who has played a key role in the firm's public policy and stewardship in the years since the Global Financial Crisis, will relinquish her role when a replacement is found, at which point she will remain as a senior adviser, according to the Financial Times. BlackRock's Fink embraces sustainability as 'new standard' for investing BlackRock chief executive Larry Fink and president Rob Kapito told employees in an internal memo on Wednesday (26 February) that the firm's public policy and stewardship efforts "are at an inflection point", with much of the post-GFC policy work that N...