BlackRock promoted three employees to new roles to support the firm's new sustainable investment initiative.
Meaghan Muldoon, managing director, was named global head of ESG integration, a new position.
Ms. Muldoon will oversee the full integration of ESG factors in BlackRock's actively managed portfolios by the end of 2020, according to an employee memo obtained Friday by Pensions & Investments.
Ms. Muldoon was head of BlackRock Sustainable Investing in Europe, the Middle East and Asia and remains based in London.
Thomas Fekete, managing director, was appointed head of sustainable investing product and strategy for EMEA, the memo said, noting that "sustainability is also a significant growth opportunity with EMEA at the forefront."
Mr. Fekete was global head of products for BlackRock's iShares business. He also remains based in London.
Mary-Catherine Lader, managing director, was named head of Aladdin sustainability, a newly created role within BlackRock's technology division. Ms. Lader will "drive efforts to establish BlackRock as the leading developer of EDG analytics in addition to delivering new, differentiated ESG data, analytics and tools," the memo said. Ms. Lader also will head a team which will create "a one-of-a-kind climate risk technology offering."
Ms. Lader was chief operating officer of the firm's Aladdin wealth tech unit. She remains based in New York.
In an emailed response to a request for information about replacements for Ms. Muldoon, Mr. Fekete and Ms. Lader, BlackRock spokesman Curtis Chou said, "BlackRock did not announce any other personnel moves today."
BlackRock managed $7.43 trillion as of Dec. 31, about $90 billion of which was managed in sustainable investment strategies.
