BlackRock’s head of global stewardship leaves position.
Date: Oct. 30, 2017 Alert: MODERATE**
Briefing Points – i) Zack Oleksik, who lead and help form BlackRock’s Investor’s Global Stewardship group has left the post; ii) Under Mr. Oleksiuk, the group established BlackRock’s corporate governance guidelines and practices for corporate and individual investors; iii) No replacement for Mr. Oleksiuk has been named.
Affected Funds – BlackRock Impact Funds
Asset Class – IS Equity & US Fixed Income
Structure – Open-end Mutual Funds
Management Company – BlackRock Advisors, LLC (New York, NY)
Alert Level – MODERATE
Type of Concern – Corporate Management Team Change
Recommended Actions – Inquire about team coverage and new hire status.
Date – Oct. 23, 2017
Event – PIMCo appoints new head of ESG portfolio management.