BlackRock has appointed Rachel Lord, Citigroup’s global head of corporate equity derivatives, as the head of the European arm of iShares, the exchange-traded funds division of BlackRock.
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Lord will replace Joe Linhares, who is stepping down from his role. Linhares will return to the US at the end of 2013 after completing a term of three years.
Lord, who joined Citi in 2009 after 13 years at Morgan Stanley, was the US bank’s global head of corporate equity derivatives, a unit that works with clients with large, strategic equity stakes. The unit’s work includes a variety of risk management, financing and hedging deals for clients.
Mark Wiedman, global head of iShares, said: "Rachel has a deep understanding of capital markets, has built her whole career around problem-solving to meet clients’ investment needs, has a strong ability to grow people and teams, and knows how to deliver the best of a global organisation to clients."
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