Mark Wiedman, the head of BlackRock’s global client business, will be leaving the firm in the spring to pursue other opportunities, according to a source familiar with the firm.
Wiedman, who joined BlackRock in 2004 to help build the firm’s Financial Markets Advisory Group, was seen as one of a handful of the New York-based money management giant’s executives who could be tapped to fill CEO Larry Fink’s shoes when the 72-year-old co-founder of the firm eventually retires.
A BlackRock spokesperson declined comment.
Over the course of two decades, Wiedman held a number of key posts at BlackRock as the firm grew through a combination or organic growth and acquisitions, including head of corporate strategy, global head of iShares and index investments, and head of international and corporate strategy.
His looming departure looks set to come roughly a year after another high profile BlackRock executive, Salim Ramji, left the firm to take the helm of Vanguard.