Russ Koesterich was named chief investment strategist at BlackRock.
The position is new. Mr. Koesterich “will focus on communicating the firm's investment strategy and perspective on the markets and economy to investors,” according to a news release.
Mr. Koesterich will report to Ken Kroner, senior managing director and global head of multiasset strategies, and will continue in his current role as global investment strategist for BlackRock's iShares business.
Spokeswoman Jessica Greaney could not be immediately reached for further information.