Published January 20, 2017 11:43am EST | Updated January 20, 2017 1:04pm EST

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

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%.