Montag joins BlackRock Board 08 April 2011New York Reporter: Ben Wilkie
Image: Shutterstock
Thomas Montag, president of global banking and markets at Bank of America, has joined BlackRock's Board of Directors. Concurrent with Montag’s appointment, Sallie Krawcheck and Mark Linsz have left the Board.
“BlackRock has made tremendous progress in expanding our well-established business within Bank of America’s Global Wealth & Investment Management business and that mutual commitment steadfastly remains,” commented Laurence Fink, chairman and CEO.
“At the same time, Bank of America’s reduced ownership position in BlackRock has created greater trading flexibility between the two firms that will benefit BlackRock's clients. We are very pleased to welcome Tom as a Board member and thank Sallie and Mark for their many contributions to BlackRock.”
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one securities finance news source this
year, make sure it is your free subscription to Securities Finance Times
Image: Shutterstock 