BlackRock completes merger with BGI

BlackRock has completed its merger with Barclays Global Investors (BGI).

The combined firm, managing around $3.2trn for institutional and retail investors worldwide, will operate under the BlackRock name, while iShares will retain its brand for the ETF range.

BlackRock global head of ETF research and implementation strategy Deborah Fuhr says the team's research will now be branded "ETF Landscape from BlackRock."

The team will continue to provide weekly, monthly, quarterly and annual reports on the global ETF market, and a quarterly handbook detailing all ETFs and ETPs from all providers.

She adds: "Whilst this is a time of great change I would like to take this opportunity to assure you of our continuing commitment to providing you with advice and the most comprehensive and up to date commentary and information on the global ETF business."

BlackRock chairman and CEO Laurence Fink says: "Beginning today, we move forward as one global firm, operating independently, focused solely on investment and risk management on behalf of our clients."

He adds: "We offer truly differentiated capabilities - active, enhanced and index products - and the most talented professionals, able to identify investment opportunities, develop innovative investment solutions, and capture the benefits of scale for clients."