Keith Anderson, vice chairman and global CIO of fixed income at BlackRock, is leaving early next year to start his own investment business. Scott Amero was named vice chairman and global CIO of fixed income, replacing Mr. Anderson effective immediately, confirmed Barbara Novick, BlackRock vice chairman. Mr. Amero has served as the co-head of fixed income with Mr. Anderson, who will stay at BlackRock until March as an adviser. The firm will maintain a co-head structure for the fixed-income group, Ms. Novick said, and named Peter Fisher, chairman of BlackRock Asia, as co-head of the business alongside Mr. Amero. The firm is in the process of searching for Mr. Fisher’s replacement.
Along with Mr. Anderson’s departure, BlackRock expanded its fixed-income leadership team, Ms. Novick added. Andy Phillips and Stu Spodek, managing directors on the total return strategies team, were named co-heads of U.S. fixed income, both newly created roles. BlackRock also named Andrew Gordon and Scott Thiel, managing directors on the global bond team, as co-heads of non-U.S. fixed income.
Mr. Anderson was not immediately available to discuss his plans for the new venture.
