BlackRock announced the appointment of a new business director for Portugal. The chosen executive leaves PIMCO, where he remained for nine years, to take the new position at the asset management company.
With this hire, BlackRock intends to reinforce its presence in the Portuguese market. The new director will be responsible for leading the company's commercial strategy in the national market.
The change occurs at a time of growth in the asset management sector in Portugal, where BlackRock competes with other major international managers. The new director's nine years of experience at PIMCO is highlighted as an added value for this new role.
