UK - BlackRock head of European Middle East and Africa institutional business Mike O'Brien has stepped down to pursue interests outside of the fund management industry.
O'Brien, who joined Barclays Global Investors in 1999, leaves with immediate effect. He took over as European chief after BlackRrock's head of European institutional business, Andrew Dyson, moved to San Francisco following the acquisition of BGI last year.
O'Brien will be replaced by Charles Prideaux, chief operating officer of BlackRock's fundamental equities business.
Prideaux has been with the firm and its predecessors, Merrill Lynch Investment Managers and Mercury Asset Management, for 21 years.
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