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Peter Fisher

BlackRock Fixed-Income Head Fisher Moving to New Role at Firm - Memo

BlackRock Inc. (BLK) fixed-income head Peter Fisher is moving to a new role at the investment-management company, according to an internal memo reviewed by the Wall Street Journal.Mr. Fisher, 56 years old, will become a senior director at the firm's research arm, BlackRock Investment Institute. Mr. Fisher had "for some time" wished to take on a role that offered more freedom from day-to-day management, according to the memo.As part of his departure, Rick Rieder and Kevin Holt will formally become co-heads of the firm's Americas fixed-income operations. Tim Webb will continue to run Asian and European efforts. The trio will report to Quintin Price.BlackRock is the largest provider of exchange-traded funds in the U.S., which carry the iShares name. Fixed-income last year drew in $1.6 billion in fees and lending revenue for the firm, up 14% from a year earlier.The firm earlier this week named Morgan Stanley (MS) executive Gary S. Shedlin as its next finance chief, replacing Ann Marie Peta...

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