BlackRock Names Former UK Chancellor George Osborne As Part-time Adviser

By Ciara Linnane Markets MarketWatch Pulse

BlackRock Inc. , the world's biggest asset manager, on Friday named former UK Chancellor George Osborne as a part-time senior adviser in a research division that focuses on economic and political events. Osborne is still a member of the UK parliament. BlackRock shares were slightly higher in midday trade, and are up 30% in the last 12 months, while the S&P 500 has gained 22%.

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