Mark Wiedman was named head of international and corporate strategy of BlackRock on Wednesday.
In this new position, Mr. Wiedman, a senior managing director, will oversee all of BlackRock's international operations, including marketing, and will be responsible for "developing and driving our corporate strategy globally," said Laurence D. Fink, BlackRock's chairman and CEO, in an internal memo obtained by Pensions & Investments.
Mr. Wiedman will report to Mr. Fink.
Mr. Wiedman was head of BlackRock's global iShares and index businesses.
He was replaced by Salim Ramji, senior managing director and head of BlackRock's U.S. wealth advisory business.
Martin Small, managing director and head of U.S. and Canada iShares, replaced Mr. Ramji in his former role.
Edward Sweeney, a BlackRock spokesman, said Mr. Ramji will determine later whether to directly replace Mr. Small with another head of the firm's North American iShares business.
Mr. Wiedman is one of six BlackRock employees who have been identified by the company's board as a potential successor to Mr. Fink.
The other candidates for the CEO and chairman's position are Robert Goldstein, senior managing director, chief operating officer and global head of BlackRock Solutions; Robert Kapito, co-founder and president; Richard Kushel, senior managing director and global head of fixed income and global head of multiasset strategies; Mark McCombe, senior managing director and head of the Americas region; and Mark D. Wiseman, senior managing director and global head of active equities and chairman of BlackRock Alternative Investors.
BlackRock managed $6.3 trillion as of Sept. 30.
