Peter Fisher, a former fixed-income head at BlackRock who has led a retirement research initiative for the money management giant for the past three years, is transitioning to a part-time role as senior adviser.
The move comes in tandem with the announcement he is joining the MIT Sloan School of Management for the 2025-2026 academic year as a distinguished senior fellow at the Golub Center on Finance and Policy.
The announcement was made in an internal memo to BlackRock employees from Chairman and CEO Larry Fink and Martin Small, senior managing director and chief financial officer, obtained by Pensions & Investments.
Fisher held a variety of roles at BlackRock beginning in 2004 and was senior managing director and head of fixed income from 2010 to 2013. Prior to joining BlackRock, he was undersecretary of the U.S. Treasury for domestic finance and executive vice president of the Federal Reserve Bank of New York.
He rejoined BlackRock in 2021 to lead a retirement research initiative after time as a clinical professor at the Tuck School of Business at Dartmouth College.
In the memo announcing Fisher’s new role as senior adviser, Fink and Small said, “While our work in rethinking retirement continues, Peter’s full-time role will be winding down over the rest of the year as he transitions to serving as a senior advisor to Martin on strategic finance initiatives and other projects, especially continuing his work with MASS and AI Labs on efficient asset-liability solutions for longevity risk in the provision of retirement incomes.”
Fink and Small said in the memo that during his time leading the retirement research initiative, Fisher has strengthened BlackRock’s understanding of how demographic forces influencing investment returns and economic growth “will shape the retirement landscape in the decades ahead.”
“His work has highlighted the distinction between the challenges of national savings and the central role of capital markets in providing returns for all long-term saving and those of personal savings which require each of us to navigate problems of choice and trust to save effectively for our retirement — work Peter has particularly done in collaboration with our teams in Latin America and in EMEA with Christian Hyldahl, work they and others will be taking forward,” Fink and Small said.
“Peter has also challenged us all to innovate in investment solutions for the decumulation and spending phase of retirement, to find creative, low-cost solutions to longevity risk that we can offer our clients in addition to LifePath Paycheck,” they said in the memo.
