BlackRock creates head of EMEA role

BlackRock has appointed David Blumer as head of Europe, Middle East and Africa, a newly-created position.

He was previously chief investment officer at Swiss Re having worked in New York, London and Zurich.

As CIO, he was responsible for approximately $120bn of proprietary assets and delivered consistent investment results in a challenging environment while significantly de-risking the portfolio.

In 2010, he also assumed the role of chairman of Admin Re, the Swiss Re business unit responsible for acquiring closed blocks of life insurance business.

Prior to Swiss Re, Blumer was a member of the Executive Board of Credit Suisse where he worked from 1993 in senior roles.

Blumer will be responsible for developing BlackRock’s strategic plan for EMEA, building strategic client and partner relationships, and ensuring strong investment performance, operating and regulatory standards in the region. As

Meanwhile, the firm has announced that James Charrington, chairman for Europe, the Middle East and Africa (EMEA), will assume a new role to focus on regulation, governance and people.

Charrington will engage on broad regulatory issues as BlackRock’s primary liaison with the UK government and the firm’s representative on the board of the UK Investment Management Association.

He will continue to serve as chairman of BlackRock Group Limited and the Firm’s other UK-regulated entities, and will also focus on people, talent and culture in the region.

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