Wilson to join BlackRock as vice chairman

Kendrick R. Wilson III joined BlackRock (BLK) as a vice chairman and member of the office of the chairman. The position is new, said spokeswoman Bobbie Collins.

Mr. Wilson will work with professionals throughout BlackRock to support client relationships, and work with the firm’s executive management team on organizational and professional development efforts, according to a BlackRock news release.

Mr. Wilson served as an adviser to the U.S. Treasury Department from August 2008 to January 2009, and left there to spend more time with his family. Before working with the Treasury Department, he was vice chairman of investment banking with Goldman Sachs & Co.

In the company’s news release, Chairman and CEO Laurence D. Fink said Mr. Wilson’s experience “will be valuable to our clients as they consider the changing landscape and their investment and risk management strategies.”