will become the head of BlackRock's account management group in February, taking over from Barbara Novick, who will become senior adviser to the office of the chairman, company spokeswoman Bobbie Collins confirmed to The MFWire
In her new role, Novick, 48, will be involved in "strategic client opportunities, senior client interactions, conferences and industry issues," Collins said.
The change was driven by Novick's desire to spend more with her family, Collins said.
Taking the helm of the account management group, which includes business
development, marketing and client service, is Fairbairn, currently head of BlackRock's international business. Fairbairn, who joined BlackRock in 2006 through its acquisition of Merrill Lynch Investment Managers, will move from London to New York.
Managing director Rich Kushel
, who runs the international institutional business, will replace Fairbairn and move from New York to London. Managing director Andrew Dyson
, who has led BlackRock's Europe, Middle East and Africa institutional businesses, will take on Kushel's duties.
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