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| Brian Beades |
Brian Beades, head of corporate communications for the Americas at BlackRock, is exploring “new career opportunities,” according to report by Insider.
His departure ends a 24-year run at the world’s largest investment advisory with $8.6T in assets under management.
Felicity Barber, who was communications manager for BlackRock CEO Larry Fink, left the firm earlier this month.
Prior to joining BlackRock. Barber headed CEO communications at the Federal Reserve Bank in New York and is now running her own media training/thought leadership shop in Weehawken, NJ.
Fink and BlackRock are the top targets of Republicans who rail against ESG and sustainability as prime examples of corporate wokeness.
In announcing Florida’s decision to yank $2B in retirement assets from BlackRock, Jimmy Patronis, the Sunshine State’s CFO tweeted: "Using Florida’s cash to fund BlackRock’s social-engineering project isn’t something we signed up for. It’s got nothing to do with maximizing returns and is the opposite of what an asset manager is paid to do."
As capital concentrates among established firms, emerging managers must find new ways to earn investor confidence.
Teneo handles True Food Kitchen as the Scottsdale, AZ-based wellness food restaurant chain that counts Oprah Winfrey as a minority investor files for Chapter 11.
FGS Global and Teneo represent Canada’s billionaire Weston family as its Wittington Investments holding company acquires Boots Group, the 177-year-old UK health & beauty retailer, from Sycamore Partners for $8.9B.
Joele Frank handles C.H. Robinson Worldwide as the freight transportation company acquires RXO Inc. in a stock and cash transaction pegged at $5.8B to create a company with an enterprise value of more than $25B.
Brunswick Group handles France’s Schneider Electric as it acquires Boston’s PTC, maker of engineering software, for $22.6B cash.
