Blackrock’s head of iShares Salim Ramji is set to depart after just over 10 years with the firm.
Ramji (pictured) said that he would “seek a new leadership or entrepreneurial opportunity” outside of Blackrock, but did not disclose what this would be.
Ramji said: “I am equally proud of what we have achieved in the past five years in iShares by expanding access for tens of millions of new investors globally, more than doubling our client assets and innovating what ETFs as a technology can do to modernize the bond market.”
Ramji joined Blackrock as global head of corporate strategy in 2014, shortly moving to head of US wealth advisory at the firm in 2015, a position he held the position for four years.
Ramji was subsequently promoted to global head of iShares and index investments in 2019.
Other news from Blackrock came last week when its spot bitcoin ETF, iShares Bitcoin Trust (IBIT), was approved by the Securities and Exchange Commission (SEC) after filing for approval in June.
The announcement came shortly after the asset giant revealed plans to lay off 600 staff, equating to 3% of the $9.1trn asset manager’s 19,800 headcount at the end of 2022.
