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BlackRock hires longtime Goldman executive in a top strategy role to help drive growth in its $276 billion alternatives business

10 days ago   |   By Business Insider

Summary List Placement BlackRock has hired Stephanie Smith, who spent two decades at Goldman Sachs and rose to its elite partner ranks, as the chief operating officer of its alternatives business starting this summer, the firm told employees on Thursday.
Smith, most recently the head of operations for Goldman's consumer and wealth management division , will help oversee and set strategy and direction for BlackRock Alternative Investors - a key area the firm has been investing in.
The unit oversaw $276 billion in assets as of the end of December. While it's a slice of BlackRock's overall...
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Watch Obama, Shaq, and Charles Barkley team up to combat Black vaccine...

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Summary List Placement Global stocks were mostly up on Monday, as investor expectations focused on the global vaccine rollout aiding economic recovery. Futures on the Dow Jones... Read more ...