BlackRock hires new executives

BlackRock is expanding its digital and distribution strategies with two executive appointments.

Katie Petering is the new head of asset manager sales for BlackRock's exchange-traded funds business iShares. She will report to head of iShares Australia, Jon Howie.

Petering is responsible for developing investment solutions for asset managers, insurers, banks and pension funds. She will also help institutional investors tackle issues when it comes to portfolio construction and risk management, trading and liquidity management, and regulatory change.

For the last 13 years Petering led the private investor product group at Goldman Sachs, and prior to that was a vice president at Merrill Lynch in Hong Kong for five years.

The appointment follows iShares expanding its distribution team to meet the growing demand for ETFs from Australian and New Zealand institutional investors, and the launch of two cash ETFs in June.

BlackRock also announced Kathryn Barnes is the new head of digital technology for Australia and Asia Pacific. She joined the firm in 2000 and most recently served as chief operating officer for about two years.

In the newly created role, Barnes will report to both BlackRock country head of Australia Dominik Rohe and digital strategy lead for Asia Pacific Damien Mooney.

Providing digital advice is critical to addressing the impact of regulatory challenges, digital disruption and difficult markets on clients' investment models, Rohe said.

As the company evolves to reflect the growing prevalence of new technology, Barnes' experience will help deliver the full potential of such technology to the wealth management space, Rohe said.

BlackRock has about $5.4 trillion in assets under management, while iShares assets total $1.4 trillion.

Read more: BlackRockiSharesDamien MooneyDominik RoheGoldman SachsJon HowieKathryn BarnesKatie Petering
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