SWITZERLAND - BlackRock has named Martin Gut as head of the institutional business in Switzerland.
He reports to Leen Meijaard, European head of institutional business. Gut joined from Credit Suisse where he was a managing director responsible for relationships with Swiss institutional investors.
Meijaard said: "BlackRock is seeing strong interest in its products and services from institutional investors in Switzerland. We plan to continue building on our position in the institutional market and we are delighted to have recruited Martin Gut with his track record and expert knowledge of the Swiss financial market."
This is the third personnel change for BlackRock in the past two weeks.
In late January, BlackRock announced it hired Nancy Everett, the former chief executive of Promark Global Advisors, the firm responsible for managing General Motors' defined benefit and defined contribution pension plans. She joined BlackRock as its head of US fiduciary management solutions. (Global Pensions; 25 January 2011)
Also in January, Emma Douglas, the firm's head of defined contribution sales based in London, left BlackRock. Douglas joined Mercer where she will help launch the consultant's corporate wrap products. (Global Pensions; 21 January 2010)
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