BlackRock Inc., the world's biggest asset manager, hired its long-time strategic and financial adviser Gary Shedlin as chief financial officer to replace Ann Marie Petach, who will move to a client-oriented role within the firm.
Petach will be a senior managing director at BlackRock Solutions, New York-based BlackRock said yesterday in a statement. Shedlin, 49, a former vice chairman of investment banking at Morgan Stanley, will join the firm in March and become CFO after it reports its first-quarter earnings in April.
“Gary has an intimate knowledge of BlackRock and knows our industry well,” Laurence D. Fink, chief executive officer of BlackRock, said in the statement. “I am confident that he will lead our finance operations as a partner in driving our business through our next phase of disciplined growth.”
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