BlackRock Names Russ Koesterich as Chief Investment Strategist

  BlackRock Names Russ Koesterich as Chief Investment Strategist

 Will Articulate Best Thinking from BlackRock for Investors across Full Range
                 of Assets Classes and Investment Strategies

Business Wire

NEW YORK -- November 19, 2012

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.

About BlackRock

BlackRock is a leader in investment management, risk management and advisory
services for institutional and retail clients worldwide. At September 30,
2012, BlackRock’s AUM was $3.673 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 September 30, 2012, the firm has approximately 10,400
employees in 29 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


BlackRock, Inc.
Jessica Greaney, 212-810-5498
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