American money manager BlackRock has hired Canada’s deputy finance minister Jean Boivin as new deputy chief investment strategist in London.
Boivin is scheduled to start his new job with the BlackRock Investment Institute on September 15, the firm said in a statement.
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Bsaed in London, Boivin will lead the BlackRock Investment Institute (BII) and will be responsible for identifying and delivering investment insights to the firm’s investment professionals and clients globally.
BII provides BlackRock’s portfolio managers with insights on sovereign risk and the macro investment outlook. It provides information for portfolio managers, aggregating the firm’s services and products across asset classes, client groups and regions.
Boivin, seen as a contender to head the Bank of Canada one day, is the second most powerful official at the ministry.
Boivin also serves as Canada’s representative at the Group of Seven, the Group of 20, and the G20’s Financial Stability Board, which monitors the global financial system.
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By GlobalDataBoivin said: "I’m excited to be able to bring my experience and ideas to BlackRock as it executes on its mission of delivering exceptional investment performance and deep capital market insights to its clients."
Lee Kempler executive director of BlackRock, said: "We are thrilled to welcome Jean to BlackRock. His vast knowledge of the global financial and economic landscape and deep policymaking experience are invaluable assets to the BII."
