BlackRock has announced appointing Yazeed al-Mubarak as the executive manager in Saudi Arabia in which he would be in charge of strategic growth initiatives including investments, strategic partnerships, and local customer service.
This step follows the approval of the board of directors of the Capital Market Authority to license the company in Saudi Arabia.
BlackRock, headquartered in New York, is the world's largest asset manager guiding individuals, financial professionals and institutions in building better financial futures.
Asharq Al-Awsat newspaper learned that Mubarak has a wide experience in the financial services field and asset management. He occupied the position of a vice president at Jadwa Investment, focusing on investment in private shares.
Further, he was a member in a number of board of directors and executive committees of affiliate companies to Jadwa.
Before joining Jadwa, Mubarak worked at Morgan Stanley in London and Dubai in the field of acquisition and merger as well as capital markets transactions in the petrochemicals sector, financial institutions, retail, and industry sector in Europe, the Middle East, and North Africa.
He has a Master's degree in Business Administration from Standford University. He also has a Bachelor with an honor degree in industrial engineering from King Fahd University of Petroleum and Minerals.
BlackRock's step aims to reinforce the global investors’ approach towards the kingdom, which works on diversifying the economic base via attracting global capitals.
