Mark Wiseman, global head of active equities at BlackRock Inc , is leaving the f...
), is leaving the firm following a violation of the company’s “relationships at work policy,” the world’s largest asset manager said in an internal memo on Thursday.
“When the firm becomes aware of a breach of policy or conduct that is not in line with our values, we move quickly and decisively to address it,” Fink and BlackRock President Rob Kapito said in the memo, which was reviewed by Reuters. Wiseman’s conduct had no impact on any portfolios or client activities, the first memo said. BlackRock’s active equity unit had about $290 billion in assets at the end of June.
BlackRock hired Wiseman and his wife Marcia Moffat in recent years. Wiseman joined in May 2016 from the Canada Pension Plan Investment Board, where he served as chief executive, while Moffat joined BlackRock from RBC in July 2015 to head the asset manager’s Canadian operations.
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