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Martin Small, head of the company’s U.S. wealth advisory business for the past four years, will succeed Shedlin, who will take on a new role as vice chairman working directly with key clients of the firm.
Shedlin joined BlackRock in 2013 after serving as a long-time strategic adviser to the world’s largest asset manager.
BlackRock said Shedlin would work with Small in the interim to ensure a smooth transition.
