Rick Arney, managing director, will move to BlackRock's multiasset strategies group in May, as senior business strategist, according to an internal memo BlackRock provided Pensions & Investments.
It is a new position.
The company subsequently shifted three managing directors, effective in May, within its alternative investment strategy group and U.S. and Canada institutional teams.
Josh Levine will replace Mr. Arney as global head of the alternative investment strategy group; Mike Foley will replace Mr. Levine as head of pensions east team; and Neetika Singh will replace Mr. Foley as head of global consultant relations for the U.S.
Ms. Singh was managing director and a member of the global consultant relations group, responsible for developing and maintaining relationships with consultants and institutional investors.
Mr. Arney will report to Kenneth Kroner, global head of multiasset strategies and chief investment officer of scientific active equity at BlackRock. The other three managing directors will report to Edwin Conway, managing director, head of U.S. and Canada institutional and head of global alternative strategy.
