BlackRock appoints new head of iShares EMEA
BlackRock has appointed Rachel Lord as head of iShares in Europe, the Middle East and Africa (EMEA).
She replaces Joe Linhares, who, after three years leading the business in Europe, will return to the US to assume a new role as global head of BlackRock’s Platinum Client programme, which coordinates all the firm’s activities with its largest retail distribution partners globally. Linhares will be based in New York and report to Rob Fairbairn, head of BlackRock’s Global Retail and iShares businesses.
Lord joins the firm from Citigroup, where she was global head of Corporate Equity Derivatives. She brings with her more than 20 years of in-depth experience in a broad range of sell-side roles and deep experience managing teams in the US, Europe, Latin America and Asia.
Prior to joining Citi in 2009, she spent 13 years at Morgan Stanley in a variety of senior roles, most recently as Head of Corporate Equity Derivatives, EMEA & APAC. Based in London, she will report to Mark Wiedman, Global Head of iShares. Lord will join iShares’ Global and EMEA Executive Committees, as well as BlackRock’s Global Operating Committee.
Commenting on her appointment, Mark Wiedman, global head of iShares, said: “We are excited to welcome Rachel at iShares. Our primary challenge in Europe is growing the pie – expanding the ways clients use ETFs. Rachel brings together a number of capabilities we believe are essential for this next era of iShares in EMEA.
Rachel 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 grow people and teams, and knows how to deliver the best of a global organisation to clients.”
Rob Fairbairn, head of BlackRock’s Global Retail and iShares businesses, added: “Joe has made an enormous contribution to the iShares business we have today. During his time leading the business, iShares EMEA has achieved many milestones – including the acquisition of Credit Suisse’s ETF business, successfully navigating the changing regulatory landscape in 2011 and 2012, and building our industry-leading reputation for providing quality, choice and innovation in ETFs. I am pleased to have Joe returning to the US to spearhead our global efforts to deliver the entire BlackRock platform in a coordinated way to our largest distribution partners globally.”
Rachel started her career in 1987 as a Chartered Accountant with Arthur Andersen and holds a BA (Hons) in International History & Politics from the University of Leeds.