BlackRock MLIM
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BlackRock MLIM is an asset management company that combined BlackRock and Merrill Lynch Investment Managers. It had around $1 trillion in assets under management when it was announced in 2006.[1]
The company offers a range of equity, fixed income, cash management and alternative investment products with a representation in both retail and institutional channels, in the U.S. and in non-U.S. markets. It has over 4,500 employees in 18 countries with a presence in most major markets, including the U.S., the U.K., Asia, Australia, the Middle East and Europe.
History[edit]
Until late 2006, MLIM was the Merrill Lynch's proprietary asset management platform and its smallest business. In 2006, Merrill Lynch announced a joint venture between MLIM and BlackRock. Under the terms of the venture, MLIM and BlackRock were merged, and Merrill Lynch retained 49.8 percent ownership of the new entity.
MLIM began managing assets in the UK in 1946 as part of S.G. Warburg & Co. (later known as Mercury Asset Management), and began managing assets in the U.S. in 1976 under the Merrill Lynch name.
Products and Services[edit]
Key People[edit]
References[edit]
- ↑ Press Release. Merrill Lynch.