American investment management firm BlackRock has named Rachel Lord as new head of iShares for Europe, the Middle East and Africa (EMEA) succeeding Joe Linhares.

Based in London, Lord will report to Mark Wiedman, global head of iShares. She will join iShares’ global and EMEA executive committees, as well as BlackRock’s global operating committee.

Lord joins from Citigroup, where she served as global head of corporate equity derivatives. She has more than 20 years of experience in sell-side roles and managing teams in the US, Europe, Latin America and Asia.

Prior to joining Citi in 2009, Lord spent 13 years at Morgan Stanley in various senior roles, most recently as head of corporate equity Derivatives, EMEA & APAC.

Linhares will return to the US after three years leading the business in Europe to assume a new role as global head of BlackRock’s Platinum Client programme.

Based in New York, Linhares will report to Rob Fairbairn, head of BlackRock’s global retail and iShares businesses.

Mark Wiedman, global head of iShares, said: "Lord brings together a number of capabilities we believe are essential for this next era of iShares in EMEA.

"Lord 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 tapering grow people and teams, and knows how to deliver the best of a global organisation to clients."