BlackRock opens South African office
BlackRock, Inc. (NYSE: BLK), one of the world’s leading asset managers, today announced the opening of a representative office in South Africa. Located in Cape Town, the office will serve BlackRock’s institutional and retail clients, providing expertise r
BlackRock has had a client base in South Africa for more than 20 years, and through its Natural Resources, Emerging Markets and Global Equity teams, has been investing in South African companies for more than two decades. BlackRock is opening its South African office following conversations with local clients looking to diversify their offshore investments in active and passive strategies.
Nick Anderson, Country Manager for BlackRock’s Middle East and Africa region commented: “We are excited to be opening an office in South Africa. Having an on the ground presence will allow us to better understand our clients’ needs and share our international investment expertise and product offerings to clients locally. We believe our investment insight gained at a global level and shared locally maximizes investment opportunities for our clients. This office opening represents our commitment to serve BlackRock’s growing client base in South Africa better.”
BlackRock’s portfolio management teams have an average investment experience of 17 years, offering a wealth of experience and insights and global trading capabilities which enable them to source and negotiate favourable terms for investors across asset classes and geographies.
