BlackRock names new global head of real estate
BlackRock (BLK) appointed Jack Chandler global head of real estate this week. In his new role, Chandler will oversee approximately $13 billion in assets currently under BlackRock's management. New York-based BlackRock offers investment management, risk management and advisory services for institutional and retail clients. The firm's subsidiary, BlackRock Solutions, recently partnered with the Federal Reserve Bank of New York to help the Fed offload billions of subprime mortgage bonds acquired from American International Group (AIG) during the 2008 economic meltdown. BlackRock Solutions was specifically charged with the handling of the sale. Chandler's clients will run the gamut from public to corporate and union pension funds, as well as insurance companies, foundations and endowments. Chandler arrives at BlackRock from LaSalle Investment Management, where he served as global chief investment officer and executive chairman. He joined LaSalle in 1986. Write to Kerri Panchuk.