Barbara Novick to step down as vice chairwoman of BlackRock
Barbara Novick
Barbara G. Novick will relinquish her position as vice chairwoman of BlackRock and retire on Feb.1, but will remain a senior adviser.
Ms. Novick headed BlackRock s global client group and worked closely with institutional clients for 20 years, said Laurence D. Larry Fink, chairman, and CEO and Robert S. Kapito, president, in a joint memo to employees Wednesday.
Ms. Novick was appointed head of BlackRock s public policy and investment stewardship teams in 2009, and shifted her focus to Washington politics and government relations.
In February, Ms. Novick stepped back from the day-to-operations of the two teams she led but retained her team titles.
https://www.wsj.com/articles/barbara-novick-blackrocks-most-powerful-woman-is-finally-retiring-11610546400 WSJ News Exclusive Barbara Novick, BlackRockâs Most Powerful Woman, Is Finally Retiring Co-founder who led money managerâs lobbying efforts plans to transition from vice chairman to senior adviser role on Feb. 1 Vice Chairman Barbara Novick played a key role in getting BlackRock heard by regulators last year. By Jan. 13, 2021 9:00 am ET
One of BlackRock Inc.âs most well-known co-founders, Barbara Novick, is taking a stab at retirement for the second time.
Ms. Novick led the firmâs public-policy efforts, building a lobbying machine that allowed BlackRock to avoid the same regulations as banks and fueling its rise into the worldâs largest money manager with $7.8 trillion under management. She tried to leave last year but stayed on as the coronavirus pandemic unnerved markets. She says this time it