BlackRock hires former SEC official to lead external affairs

Former Securities and Exchange Commission (SEC) Investment Management Director Dalia Blass will hold the most senior outreach and lobbying position at BlackRock.

On June 7, Blass will start as Senior Managing Director and Head of External Affairs for BlackRock, which manages approximately $ 9 billion in assets. She will report directly to General Manager Larry Fink.

“By working with the leadership of the company, Dalia will help us listen and engage with our many stakeholders, tell our story and advocate for our customers,” BlackRock said in a statement.

His mandate will include BlackRock’s global public policy group, the corporate social impact and sustainability teams, as well as “a new group that we are forming to study stakeholder capitalism,” the company said.

The group, which currently has no official name, is led by Sandra Lawson, who joined BlackRock earlier this month after more than two decades at Goldman Sachs, according to a BlackRock spokesperson. Lawson was most recently the executive director of Goldman’s public policy think tank, author of research for investors and corporate clients with a focus on ESG issues.

Blass stepped down as director of the SEC’s investment management division in January after leading the team since 2017.

During Blass’s tenure as director, which largely overlapped with former President Donald Trump’s tenure, the SEC adopted a rule that facilitated the process for ETF issuers to market their financial vehicles.

Blass will also join the company’s global executive committee, as well as its external affairs committee and sustainability working group.

Blass previously spent over ten years with the SEC in a variety of roles ranging from Senior Advisor to Deputy Senior Advisor in the Investment Management Division and practiced separately for several years for private law firms.

Shirlene J. Manley