BlackRock Announces Appointment of Gordon M. Nixon to Board of Directors
July 30 2015 - 5:00PM
Business Wire
BlackRock, Inc. (NYSE:BLK) elected Gordon M. Nixon, former
President, CEO, and Director of the Royal Bank of Canada (“RBC”),
to the Company’s Board of Directors. Mr. Nixon, who retired from
RBC in August 2014, is scheduled to join the Board on October 6 as
an independent director.
Laurence D. Fink, BlackRock Chairman and CEO, said, “With
thirteen years at the helm of a leading global financial
institution and one of Canada’s largest public companies, Gordon
brings invaluable expertise and perspective to BlackRock about the
world at large and in-depth knowledge about the North American
market. His experience growing a diversified, global financial
services organization in today’s regulatory and economic
environment makes him an exceptional addition to our Board.”
Mr. Nixon’s leadership has been widely recognized as the driving
force behind RBC’s performance during his tenure. As President and
Chief Executive Officer, Mr. Nixon transformed the organization by
fostering a client-centric culture and drove greater collaboration
across functional areas. As a result of these and other
initiatives, RBC saw significant earnings and global market share
growth under his leadership. In 2010, he was appointed a Member of
the Order of Canada, one of Canada’s highest acknowledgements
of outstanding merit or distinguished service by a private
citizen. He was also twice named to Barron’s list of World’s Best
CEOs.
Mr. Nixon began his career in 1979 when he joined Toronto-based
Dominion Securities, and by 1986, he had been promoted to run
Dominion’s Japanese operations. When Dominion was acquired by RBC,
he returned to headquarters operations in Toronto. By 1999 he was
promoted to Chief Executive of RBC Capital Markets, a position
which he held until his 2001 appointment as President and Chief
Executive Officer of RBC.
During his professional career, Mr. Nixon has served on a
variety of boards. He currently serves as a Director of BCE, Inc.,
George Weston Limited and Art Gallery of Ontario, as well as on the
advisory board of Kingsett Capital. Mr. Nixon has also served on
the boards of nonprofits, including MaRS, an organization that
connects science, business, and capital, as chair, as well as the
Toronto Region Immigrant Employment Council as co-chair. Mr. Nixon
is a past chairman of the Canadian Council of Chief Executives, and
he currently chairs the Ontario Premier's Jobs and Prosperity
Council and the Queen's University Capital Campaign. Mr. Nixon has
also served on the boards of organizations in the arts, health
care, and education.
With the addition of Mr. Nixon, BlackRock’s Board of Directors
consists of 19 members, including 16 independent directors.
About BlackRock
BlackRock is a global leader in investment management, risk
management and advisory services for institutional and retail
clients. At June 30, 2015, BlackRock’s AUM was $4.721 trillion.
BlackRock helps clients around the world meet their goals and
overcome challenges with a range of products that include separate
accounts, mutual funds, iShares® (exchange-traded funds), and other
pooled investment vehicles. BlackRock also offers risk management,
advisory and enterprise investment system services to a broad base
of institutional investors through BlackRock Solutions®. As of June
30, 2015, the firm had approximately 12,400 employees in more than
30 countries and a major presence in key global markets, including
North and South America, Europe, Asia, Australia and the Middle
East and Africa. For additional information, please visit the
Company’s website at www.blackrock.com | Twitter: @blackrock_news |
Blog: www.blackrockblog.com | LinkedIn:
www.linkedin.com/company/blackrock
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version on businesswire.com: http://www.businesswire.com/news/home/20150730006723/en/
BlackRock, Inc.Media Contacts:Ed Sweeney,
1-646-231-0268ed.sweeney@blackrock.comorInvestor
Relations:Tom Wojcik,
1-212-810-8127tom.wojcik@blackrock.com
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