BlackRock has appointed Jane Sloan to replace Stephen Cohen as head of iShares for Europe, the Middle East and Africa (EMEA), ETF Stream can reveal.
In her new role, Sloan (pictured) will be responsible for leading the next phase of growth for the ETF business in EMEA along with driving UCITS ETF adoption across the globe.
BlackRock is Europe’s largest ETF issuer by some distance with €505m assets under management (AUM), a 44% market share.
Her first job will be to ensure the firm's number one status in Europe following Amundi's planned acquisition of Lyxor which was announced earlier this month.
Sloan replaces Stephen Cohen, who was promoted to BlackRock’s head of EMEA in February after Rachel Lord relocated to Hong Kong to lead the firm’s Asia-Pacific business.
Prior to the promotion, Sloan was head of BlackRock’s trading and liquidity strategies group (TLS) for EMEA which included a focus on developing the ETF trading ecosystem, a role she will maintain regional oversight of.
She joined BlackRock in 2015 and has held a number of senior roles including head of iShares EMEA sales to wealth and retail clients and head of EMEA and APAC iShares capital markets.
She has also held roles at Arrowgrass Capital Partners, Goldman Sachs, Deutsche Bank and Bankers Trust.
As part of the reshuffle, Ivan Pascual will take over a part of Cohen’s old role. As head of iShares and wealth client business, EMEA, he will be responsible for driving iShares distribution in the region.
Pascual has been responsible for integrating the firm’s mutual fund and ETF sales teams since 2019 which are now responsible for distributing the entire fund range to wealth and asset management clients.
The world’s largest asset manager continued its dominance of Europe in Q1 with €15.5bn inflows, according to data from Morningstar, more than double its nearest rival.