This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

BlackRock Names Russ Koesterich As Chief Investment Strategist

BlackRock, Inc. (NYSE:BLK) today announced that it has named Russ Koesterich as Chief Investment Strategist. In this newly formed role, Mr. Koesterich will focus on communicating the Firm’s investment strategy and perspective on the markets and economy to investors and financial advisors. He will report to Ken Kroner, BlackRock’s Global Head of Multi-Asset Strategies.

“Russ is highly regarded for his insights on the global financial markets and strategies for investors to navigate the rapidly changing new world of investing,” said BlackRock President Robert Kapito. “In this new role, Russ will focus on communicating the best thinking to investors from throughout BlackRock, drawing on the full range of BlackRock’s capabilities across geographies, investment strategies and asset classes.”

“The financial world is more uncertain than it’s ever been and a succession of seismic events has left investors unsure of what to do next,” said Mr. Koesterich. “We believe that opportunities do exist for investors, and I look forward to working with my colleagues across the globe, including in the BlackRock Investment Institute, to provide investors with answers for this new world of investing.”

Mr. Koesterich is a frequent contributor to financial news media. He is the author of two books, including his most recent "The Ten Trillion Dollar Gamble," which details how to position portfolios for the impact of the growing U.S. deficit. He is also regularly quoted in print media including the Wall Street Journal, USA Today, and Barron’s, among others.

Mr. Koesterich will continue to serve as Global Investment Strategist for BlackRock’s iShares business, a role he has held since 2010. His service with BlackRock dates to 2005, including his years with Barclays Global Investors (BGI), which BlackRock acquired in 2009. At BGI, Mr. Koesterich was the Global Head of Investment Strategy for active equities and a senior portfolio manager in the U.S. Market Neutral Group. Prior to joining BGI, he was Chief North American Strategist for State Street Bank. Mr. Koesterich began his career at Instinet, where he occupied several positions in research, including Director of Investment Strategy for both U.S. and European research.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,265.33 +206.98 1.29%
S&P 500 1,934.01 +20.16 1.05%
NASDAQ 4,707.7010 +71.5960 1.54%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs