BlackRock Announces Key Leadership Appointments

  BlackRock Announces Key Leadership Appointments

 Gary S. Shedlin to Join BlackRock, Will Become Chief Financial Officer; Ann
   Marie Petach Named Senior Managing Director in Client Solutions Business

Business Wire

NEW YORK -- February 12, 2013

BlackRock, Inc. (NYSE: BLK) today announced that Gary S. Shedlin, a long-time
strategic and financial advisor to BlackRock, will join the Firm as Senior
Managing Director and Chief Financial Officer. Mr. Shedlin will become a
member of BlackRock’s Global Executive Committee, reporting to Chairman and
Chief Executive Officer Laurence D. Fink.

Mr. Shedlin will succeed Ann Marie Petach, who is joining BlackRock Solutions
as Senior Managing Director in the Client Solutions business, where she will
help to develop critical client relationships and business initiatives with a
special focus on solutions offerings for public and private pension funds. Mr.
Shedlin will join the Firm on March 11, 2013 and work closely with Ms. Petach
through a transition period until she completes her tenure as CFO following
the reporting of BlackRock’s first quarter earnings results. Mr. Shedlin will
assume the role of CFO at that time.

“We’re fortunate to have two executives with the depth and breadth of
experience of Ann Marie and Gary assuming new roles with BlackRock,” Mr. Fink
said. “As a key member of our senior management team, Ann Marie has helped
guide the Firm through a number of significant milestones, including our
acquisition of BGI and the transformation of our company to one with a broad
base of shareholders. In addition, she has helped build our financial
infrastructure to support one of the largest financial services companies in
the world. We’re extremely pleased that Ann Marie is assuming this important
new role with our Client Solutions business consistent with the desire she
expressed last year to work directly with clients. This new role leverages her
deep knowledge of BlackRock and her prior experience as a client to help build
a key strategic area for the Firm.”

Ms. Petach said: “I’m looking forward to working more directly with our
clients and assisting in solving some of their most pressing challenges. As a
former corporate treasurer at Ford Motor Company who was responsible for
pension, banking and risk management issues, and more recently as BlackRock’s
CFO, I’m intimately familiar with the challenges facing many of our clients.
BlackRock is uniquely positioned to assist these clients in the current
environment, and I will be working with our team to offer clients solutions
that leverage the full array of resources BlackRock has to offer them.”

Mr. Shedlin joins BlackRock from Morgan Stanley, where he is Vice Chairman,
Investment Banking and a Managing Director in the Financial Institutions
Group. Mr. Shedlin has spent more than 25 years advising companies in the
financial services sector including as Chairman of the Financial Institutions
Group at Citigroup and Managing Director and Co-Head of the Financial
Institutions Group at Lazard.

Mr. Shedlin has served as a trusted advisor to BlackRock on virtually all of
its most significant strategic transactions. As Chief Financial Officer, he
will be responsible for all of BlackRock’s Corporate Finance functions
including Business Finance; Accounting; Finance Operations; Tax, Treasury and
Risk Management; and Investment Products & Controls. He also will be
responsible for Investor Relations and Corporate Development as well as
Strategy, which has a co-report to Mr. Fink.

“Given his strategic insight and leadership ability, Gary is well positioned
to build on the world-class finance organization that Ann Marie has helped to
establish, and I am delighted to welcome him to BlackRock. Gary has an
intimate knowledge of BlackRock and knows our industry well. I am confident
that he will lead our finance operations as a partner in driving our business
through our next phase of disciplined growth,” Mr. Fink said.

Mr. Shedlin said: “It has been a privilege to be part of Morgan Stanley and to
work closely with Larry and other senior executives at BlackRock as the Firm
has evolved to meet the needs of clients. I am tremendously excited to now be
a part of this very talented management team and to help contribute to
BlackRock’s continued success in leveraging the unique, global asset
management platform it has built.”

About BlackRock

BlackRock is a leader in investment management, risk management and advisory
services for institutional and retail clients worldwide. At December 31, 2012,
BlackRock’s AUM was $3.792 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 December 31, 2012, the firm has approximately 10,500
employees in 30 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.

Forward-looking Statements

This report, and other statements that BlackRock may make, may contain
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act, with respect to BlackRock’s future financial or
business performance, strategies or expectations. Forward-looking statements
are typically identified by words or phrases such as “trend,” “potential,”
“opportunity,” “pipeline,” “believe,” “comfortable,” “expect,” “anticipate,”
“current,” “intention,” “estimate,” “position,” “assume,” “outlook,”
“continue,” “remain,” “maintain,” “sustain,” “seek,” “achieve,” and similar
expressions, or future or conditional verbs such as “will,” “would,” “should,”
“could,” “may” and similar expressions.

BlackRock cautions that forward-looking statements are subject to numerous
assumptions, risks and uncertainties, which change over time. Forward-looking
statements speak only as of the date they are made, and BlackRock assumes no
duty to and does not undertake to update forward-looking statements. Actual
results could differ materially from those anticipated in forward-looking
statements and future results could differ materially from historical
performance.

In addition to risk factors previously disclosed in BlackRock’s Securities and
Exchange Commission (“SEC”) reports and those identified elsewhere in this
report the following factors, among others, could cause actual results to
differ materially from forward-looking statements or historical performance:
(1) the introduction, withdrawal, success and timing of business initiatives
and strategies; (2) changes and volatility in political, economic or industry
conditions, the interest rate environment, foreign exchange rates or financial
and capital markets, which could result in changes in demand for products or
services or in the value of assets under management; (3) the relative and
absolute investment performance of BlackRock’s investment products; (4) the
impact of increased competition; (5) the impact of future acquisitions or
divestitures; (6) the unfavorable resolution of legal proceedings; (7) the
extent and timing of any share repurchases; (8) the impact, extent and timing
of technological changes and the adequacy of intellectual property and
information security protection; (9) the impact of legislative and regulatory
actions and reforms, including the Dodd-Frank Wall Street Reform and Consumer
Protection Act, and regulatory, supervisory or enforcement actions of
government agencies relating to BlackRock or The PNC Financial Services Group,
Inc. (“PNC”); (10) terrorist activities, international hostilities and natural
disasters, which may adversely affect the general economy, domestic and local
financial and capital markets, specific industries or BlackRock; (11) the
ability to attract and retain highly talented professionals; (12) fluctuations
in the carrying value of BlackRock’s economic investments; (13) the impact of
changes to tax legislation, including income, payroll and transaction taxes,
and taxation on products or transactions, which could affect the value
proposition to clients and, generally, the tax position of the Company; (14)
BlackRock’s success in maintaining the distribution of its products; (15) the
impact of BlackRock electing to provide support to its products from time to
time and any potential liabilities related to securities lending or other
indemnification obligations; and (16) the impact of problems at other
financial institutions or the failure or negative performance of products at
other financial institutions.

BlackRock's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and
BlackRock's subsequent filings with the SEC, accessible on the SEC's website
at www.sec.gov and on BlackRock’s website at www.blackrock.com, discuss these
factors in more detail and identify additional factors that can affect
forward-looking statements. The information contained on the Company’s website
is not a part of this press release.

Contact:

BlackRock, Inc.
Media Relations
Brian Beades, 212-810-5596
brian.beades@blackrock.com
or
Lauren Post, 212-810-3665
lauren.post@blackrock.com
or
Investor Relations
Kristen Dickey, 212-810-5572
kristen.dickey@blackrock.com
 
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