BlackRock appoints Prudential CIO for Asia launch

BlackRock, which completed its $19bn (€14.7bn) merger with Merrill Lynch Investment Managers last September, has recruited a former investment chief from Prudential to launch an equity management team in Asia.

The firm is stepping up activity to expand its foothold in Asia.

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire