Sandy Boss is joining BlackRock as senior managing director and global head of investment stewardship, CEO and Chairman Laurence D. Fink said Thursday in an internal note to employees seen by Pension & Investments.
Ms. Boss is a former senior partner at McKinsey & Co. and an external member of the Bank of England's prudential risk committee. She will report directly to Mr. Fink.
The importance of investment stewardship in recent years has grown, Mr. Fink said in the memo. "Clients' expectations have sharpened, and our stewardship has become central to how societies around the world judge our social contribution," he said.
Mr. Fink credited Vice Chairwoman Barbara Novick, who is transitioning out of the stewardship role, for elevating BlackRock's investment stewardship approach. Ms. Novick will continue to lead the global public policy group.
Ms. Boss, based in London, will join BlackRock's global operating committee, the sustainability task force, the EMEA executive committee and the EMEA investment subcommittee.
