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BlackRock names new global head of real assets
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Wall Street People Moves: BlackRock, Citadel, Goldman Sachs, Balyasny
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Kai Pfaffenbach/Reuters
BlackRock has named Stephanie Smith as chief operating officer of its alternatives business.
The firm said in a memo that Smith, a longtime Goldman leader, would join this summer.
BlackRock has been investing in its alternatives unit, which oversees $276 billion in assets.
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, 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.