BlackRock, Inc. (NYSE:BLK) today announced that Debra Huddleston has
joined the Company as a Managing Director and head of Transaction
Management for the Financial Markets Advisory (FMA) group, a part of
BlackRock Solutions®.
Ms. Huddleston will report to Craig S. Phillips, Managing Director and
head of FMA.
Prior to joining BlackRock, Ms. Huddleston was a Managing Director at
Credit Suisse were she held a variety of positions within the commercial
mortgage finance group including co-head of structured finance and most
recently head of investment banking and special situations for the
residential mortgage department. Before joining Credit Suisse in 1996,
Ms. Huddleston was at Citigroup, Salomon Brothers and Chemical Bank. Ms.
Huddleston earned a BA degree in history from Brown University and an
MBA degree in finance from the Wharton School at the University of
Pennsylvania.
“Debra’s extensive
experience across a wide range of securitized products will be a
tremendous asset to BlackRock,” said Mr.
Phillips.
BlackRock’s Financial Markets Advisory team
works with clients increasingly to manage their capital markets exposure
and businesses. In the past year, the team has helped clients navigate
through financial turmoil. BlackRock has come to be known as a solutions
provider by its clients, prospects and the public. This reputation
continues to grow, and in these times of tremendous market volatility
and dislocation, financial institutions have continued to turn to
BlackRock for assistance in managing, restructuring, and valuing
portfolios with distressed capital markets exposures.
FMA draws on the risk management systems and analytics of BlackRock
Solutions’ Aladdin®
product, which has been developed and used by BlackRock for over 15
years. BlackRock Solutions provides services to many of the largest and
most sophisticated financial institutions in the world.
About BlackRock
BlackRock is one of the world’s largest
publicly traded investment management firms. At June 30, 2008, BlackRock’s
AUM was $1.428 trillion. The firm manages assets on behalf of
institutions and individuals worldwide through a variety of equity,
fixed income, cash management and alternative investment products. In
addition, a growing number of institutional investors use BlackRock
Solutions investment system, risk management and financial advisory
services. Headquartered in New York City, as of June 30, 2008 the firm
has approximately 5,700 employees in 19 countries and a major presence
in key global markets, including the U.S., Europe, Asia, Australia and
the Middle East. For additional information, please visit the Company's
website at www.blackrock.com.
BlackRock, Inc.
Media Relations
Lauren Trengrove,
212-810-3665
lauren.trengrove@blackrock.com
