Frank Porcelli, chairman of BlackRock’s US wealth advisory business, has retired after 14 years with the firm, according to an internal BlackRock memo seen by Citywire. Porcelli will remain as a senior advisor to the firm and serve as a member of the board of iCapital, an alternative investments-focused turnkey asset management program in which BlackRock has been an investor since 2015.
Name: Frank Porcelli
Company: BlackRock Inc.
Announcement Date: February 28, 2019, 11:00pm
Resignation Date: February 28, 2019, 11:00pm