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BlackRock's board nominates Bader M Alsaad as its director.

Global Banking News-March 15, 2019-BlackRock's board nominates Bader M Alsaad as its director

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BlackRock Inc (NYSE:BLK) disclosed on Friday that Bader M. Alsaad has been nominated to join its board of directors.

Alsaad is currently a member of the supervisory Board of Daimler AG, a member of the Global Advisory Council of Bank of America, and a member of the Board of Directors of the Kuwait Fund for Economic Development and will be included as a nominee in BlackRock's 2019 Proxy Statement and, if elected by shareholders, will join the board as an independent director after its annual meeting on 23 May. The earlier director, Sir Deryck Maughan will not stand for re-election.

With the election of Alsaad in May, five new independent directors will have joined the board over the past two years.

BlackRock is an investment manager and primarily provides its services to institutional, intermediary, and individual investors. It also provides global risk management and advisory services. Founded in 1988, it is based in New York City with additional offices globally.

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Publication:Global Banking News (GBN)
Date:Mar 15, 2019
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