BlackRock, the world’s largest asset manager, has hired a former Bank of England executive as deputy head of its influential research and analysis division.
Alex Brazier, who until February was executive director for financial stability strategy and risk at the UK central bank, will join BlackRock’s Investment Institute in October.
The Investment Institute, which shot to prominence after hiring ex-UK chancellor George Osborne as an adviser, generates proprietary research on the global economy, markets, geopolitics and long-term asset allocation.
Brazier, who spent more than two decades at the Bank of England and sat on its influential financial policy committee, will report to Jean Boivin, the former Bank of Canada deputy governor who heads up the unit.
Threadneedle Street announced in February that Brazier was leaving to take a career break and “to broaden his professional experience”.
In a memo to BlackRock staff, seen by Financial News, announcing his appointment on 7 September, the US-headquartered asset manager said Brazier “brings to the firm deep insights and experience of macroeconomic issues, market structures and financial stability”.
“This expertise will prove invaluable as financial markets grapple with the implications of ongoing monetary and fiscal innovations as well as climate change,” BlackRock vice chair Philipp Hildebrand and Boivin wrote.
According to the memo, Brazier will focus on driving research focused on how financial systems interact with macroeconomic developments.
He will also lead the Investment Institute’s efforts to support BlackRock’s sustainability agenda, working closely with global head of sustainable investing Paul Bodnar and his team.
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