After relinquishing her post as head of BlackRock's
account management group last year, co-founder and vice chairman Barbara Novick
has been busy with BlackRock's government relations and public policy efforts, spending about a week each month in D.C.
“Because BlackRock was often being mentioned by congressmen in hearings, it was becoming obvious that we were getting big enough to require a Washington presence," Novick told Pensions & Investments
in an interview published
Novick added that the money management industry lacks a strong lobby group that "truly speaks up for investors."
Last February, Novick handed the reins of BlackRock's account management group to Rob Fairbairn
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