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BlackRock Names Rosenberg Chief Investment Strategist for Bonds

BlackRock Inc. (BLK), the world’s biggest money manager, hired Jeffrey Rosenberg from Bank of America Corp. (BAC) as chief investment strategist for fixed-income to help expand the the firm’s offerings to individual investors.

In the newly created position, Rosenberg will report to Robert Stanley, head of retail fixed income, New York-based BlackRock said today in a statement. Rosenberg will work closely with Rick Rieder, who oversees $620 billion as investment chief of fixed-income, in developing views on bond sectors, currencies and commodities, the firm said.

Rosenberg’s “extensive communications experience will also be an asset in providing views and portfolio guidance for the benefit of our clients,” Rieder said in the statement.

Rosenberg was previously head of global credit strategy research at Bank of America Merrill Lynch. BlackRock manages $3.35 trillion in assets.

To contact the reporter on this story: Sree Vidya Bhaktavatsalam in Boston at sbhaktavatsa@bloomberg.net

To contact the editor responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net

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