Brian Weinstein, head of BlackRock’s multisector institutional business within fixed income, is set to leave the firm at the end of June this year after a spell of 13 years.
Weinstein is leaving to spend time with his family and reassess his career goals, Bloomberg reported quoting a memo sent by the firm’s co-heads of fixed income in the Americas, Rick Rieder and Kevin Holt.
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Weinstein also co-manages the US$3 billion BlackRock Inflation Protected Bond Portfolio, according to the report.
Akiva Dickstein, head of the mortgage fund-management team at BlackRock, has been selected by the firm to take over Weinstein’s traditional fixed-income strategies, or core bonds.
Dickstein will report to Bob Miller, who heads the multisector and rates team.
As of 31 December 2013, BlackRock had US$1.2 trillion in fixed income among its US$4 trillion in long-term assets.
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