BlackRock hires for hedge funds from Royal Bank of Scotland

BlackRock’s alternative investment unit has hired an expert in German-speaking Europe as managing director to develop and promote the asset manager’s alternative investment offerings widely.

Ingo Heinen (pictured) has joined the $3.7trn asset manager’s Alternative Investors group as managing director, based in London and reporting to Rick Arney, head of the unit, and head of hedge funds.

Heinen was most recently managing institutional equity derivatives and fund-linked sales for Germany and Austria at the Royal Bank of Scotland, and before that spent more than 10 years at Merrill Lynch and Nomura, structuring and selling alternative products.

Arney said: “Given today’s challenging market environment, BlackRock continues to see increasing demand for innovative alternative investment products from clients. BlackRock added to its stable of alternative offerings in 2011 in renewable power, real estate and direct private equity.”

BlackRock’s Alternative Investors unit manages about $113bn in single strategy and multi-manager hedge funds, private equity, real estate and renewable power.

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