Blackrock and MLIM trillion dollar merger goes through
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Matthew Davis
BlackRock and MLIM have agreed to merge to create one of the world's largest investment management firms with $1 trillion under management.
The merged company will operate in the US under the BlackRock name with MLIM having a 50 per cent stake and a 45 per cent voting interest in the combined company.
MLIM has considerably upped its advertising spend and focus on the UK retail investor over recent months, and sources close to the firm say the merger is unlikely to see the disappearance of the MLIM brand in the UK as BlackRock is a relatively unknown name in Europe, employing just 90 people at its offices in Edinburgh.
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