Blackrock, the world’s largest asset-management firm, announced a significant reshuffling of its top management ranks that promoted about 10 senior executives, including an Indian who will become the global head of the firm’s investment management platform. Sudhir Nair, currently Head of Business Development and Implementations & Delivery for Blackrock’s Aladdin Business, will become Global Head of the Aladdin Institutional Business. Blackrock’s co-founders Laurence Fink and Robert Kapito announced the management reshuffle in a memo to employees.

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