The combined team will now be positioned to offer financial advisors and distribution partners a full range of index and active solutions that investors increasingly are looking for in today’s market environment. This includes offering model portfolios that combine index and active strategies to help investors create their own optimal asset allocations through solutions such as target income, hedged risk income and strategic and tactical equity models.Robert Fairbairn, Senior Managing Director and Global Head of BlackRock's Retail and iShares businesses said: “Integrating our iShares and BlackRock retail sales teams will create the largest field force in the industry and allows us to even more effectively serve our clients by offering them BlackRock’s full range of index and active products that no other firm can match. This will be particularly effective in supporting the iShares Core Series and our model portfolios that offer investors the same asset allocation expertise and sophisticated risk management that many of the world’s biggest pension funds and corporations rely on.” About BlackRock BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At June 30, 2012, BlackRock’s AUM was $3.560 trillion. BlackRock offers products that span the risk spectrum to meet clients’ needs, including active, enhanced and index strategies across markets and asset classes. Products are offered in a variety of structures including 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 ®. Headquartered in New York City, as of June 30, 2012, the firm has approximately 9,900 employees in 27 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. About iShares iShares is the global product leader in exchange traded funds with over 600 funds globally across equities, fixed income and commodities, which trade on 20 exchanges worldwide. The iShares Funds are bought and sold like common stocks on securities exchanges. The iShares Funds are attractive to many individual and institutional investors and financial intermediaries because of their relative low cost, tax efficiency and trading flexibility. Investors can purchase and sell shares through any brokerage firm, financial advisor, or online broker, and hold the funds in any type of brokerage account. The iShares customer base consists of the institutional segment of pension plans and fund managers, as well as the retail segment of financial advisors and high net worth individuals.