Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Nyse  >  BlackRock    BLK

My previous session
Most popular
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweets

BlackRock : George McKay to retire in 2018

share with twitter share with LinkedIn share with facebook
share via e-mail
10/06/2017 | 03:32pm CEST

Release date- 05102017 - George McKay to step back as Co-Head of AllianzGI on 1 April 2018; will take on non-executive Vice Chair role.

Karen Prooth joins AllianzGI as new Global COO on 1 November

Tobias C. Pross to become Global Head of Distribution from 1 April 2018

Allianz Global Investors, one of the world's leading active investment managers, announced today that George McKay, its Co-Head, Global Head of Distribution and Global Chief Operating Officer (COO) will step down from executive responsibilities in April next year.

George McKay has been with AllianzGI since 2006, initially with responsibility for Operations across Asia Pacific and as Global COO since 2012. Since March 2016, he has also been responsible for Global Distribution and Co-Head of the firm alongside CEO and Global Chief Investment Officer (CIO), Andreas Utermann.

As part of the succession planning, AllianzGI has appointed Karen Prooth as its new Global COO. She joins AllianzGI on 1 November from Blackrock, where she has worked for the past 10 years, most recently as Global Platform Head for ETF & Index Investments. Previously she was Global Co-COO of iShares. Karen Prooth has nearly 30 years of relevant industry experience gained at Blackrock (initially Barclays Global Investors), JP Morgan Asset Management and Prudential.

Commenting on Karen Prooth's appointment, George McKay said: 'We are delighted to welcome Karen to AllianzGI. She brings many years of outstanding leadership experience to this critically important role. In addition to being instrumental in ensuring our operational agility and efficiency as we continue to build our global active offering and to innovate on behalf of clients across asset classes, I know that Karen will make a significant contribution to the development of our company as a people-focused business, and she will play an active role in building on our already strong culture.'

Allianz-Karen Prooth

Karen Prooth is joining Allianz Global Investors as the new Global Chief Operating Officer

Allianz-Tobias Pross

Tobias Pross

From 1 April 2018, Tobias C. Pross, Head of EMEA at AllianzGI and a member of its Global Executive Committee since June 2015, will take on additional responsibility as Global Head of Distribution. Since joining Allianz's asset management division in 1999, Tobias C. Pross has held a number of senior roles in Distribution and Client Advisory.

Commenting on the changes, Andreas Utermann, CEO and Global CIO of AllianzGI, said: 'George has made a tremendous contribution to the global success of AllianzGI over the past 10 years, first as COO for Asia Pacific, then as Global COO and more recently as Co-Head of the firm. Throughout it all we have benefitted from his wisdom, judgement, collaborative spirit and good humour. Naturally we'll miss his leadership when he steps into a non-executive role next spring. Nevertheless, we are in very good shape with the succession arrangements in place with the appointment of Karen and expansion of Tobias' role.'

About Allianz Global Investors

Allianz Global Investors is a diversified active investment manager with a strong parent company and a culture of risk management. With 25 offices worldwide, we provide global investment and research capabilities with consultative local delivery. We have around EUR 500 billion in AUM for individuals, families and institutions worldwide and employ over 650 investment professionals.

At Allianz Global Investors, we follow a two-word philosophy: Understand. Act. It describes how we look at the world and how we behave. We aim to stand out as the investment partner our clients trust by listening closely to understand their challenges, then acting decisively to provide them with solutions that meet their needs.

(c) 2017 Electronic News Publishing -, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
ALLIANZ 1.06% 190.2 Delayed Quote.-1.72%
BLACKROCK 0.71% 487.09 Delayed Quote.-8.08%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on BLACKROCK
05:54pBLACKROCK'S FINK : U.S. a short-term 'big winner' in China trade war
12:00pSOLVAY : Participation Notification by Blackrock Inc.
09/19BLACKROCK : reg; Canada Announces Final September Cash Distributions for the iSh..
09/19UCB : S.A. - Transparency notification BlackRock, Inc
09/19ACCENTURE : Perigon Wealth Management LLC Grows Stake in Accenture Plc (ACN)
09/19BLACKROCK : Newfoundland Capital Management Buys 196,113 Shares of Loma Negra Co..
09/17NOKIAN TYRES : Disclosure under chapter 9, section 10 of the securities market a..
09/14SOLVAY : - Participation notification by Blackrock Inc
09/14Deutsche Bank's retreat to Germany gets tepid welcome at home
09/13BLACKROCK : gets regulatory approval to set up new firm in France
More news
News from SeekingAlpha
09/18BLACKROCK : Crown Jewel + Hidden Gem = Opportunity 
09/17Steady As She Goes For AllianceBernstein 
09/17Is BlackRock Finally Looking Attractive? 
09/17Affiliated Managers Group Reaches Another China Milestone 
09/14BlackRock (BLK) Presents At Barclays Global Financial Services Conference 201.. 
Financials ($)
Sales 2018 14 692 M
EBIT 2018 5 850 M
Net income 2018 4 459 M
Finance 2018 5 925 M
Yield 2018 2,48%
P/E ratio 2018 17,56
P/E ratio 2019 16,13
EV / Sales 2018 4,85x
EV / Sales 2019 4,41x
Capitalization 77 165 M
Duration : Period :
BlackRock Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BLACKROCK
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 584 $
Spread / Average Target 21%
EPS Revisions
Laurence Douglas Fink Chairman & Chief Executive Officer
Robert Steven Kapito President & Non-Independent Director
Robert L. Goldstein Chief Operating Officer & Senior Managing Director
Gary S. Shedlin Chief Financial Officer & Senior Managing Director
Derek N. Stein Global Head-Business Operations & Technology
Sector and Competitors
1st jan.Capitalization (M$)
BLACKROCK-8.08%77 165