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BlackRock Names New Global Head of Real Estate

The investment and risk management firm ""BlackRock, Inc."":http://www.blackrock.com has hired Jack Chandler as global head of real estate.

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Chandler will oversee BlackRock's global real estate capabilities, which extend across the capital market structure and include both equity and debt investment products. Clients include public, corporate, and union pension plans as well as insurance companies, foundations, endowments, and private and high net worth investors.

""We're delighted to be bringing an executive of Jack's caliber to BlackRock,"" said Matthew Botein, head of

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BlackRock Alternative Investors (BAI). ""As we work to round out the alternative offerings within BAI, real estate will be a central component of our product menu. Jack's depth of experience and deep understanding of the global real estate markets will significantly accelerate our ability to offer clients best-in-class investment products.""

Chandler is the former global chief investment officer and executive chairman, Asia, for LaSalle Investment Management. He earned a B.Sc. in industrial engineering (summa cum laude) from the University of Massachusetts and an M.B.A. from Harvard Graduate School of Business.

Chandler succeeds Paul Audet, senior managing director, who assumed interim leadership for BlackRock's real estate business in 2008. Audet will transition to other executive responsibilities within BlackRock.

""I would like to thank Paul for his many contributions as leader of the real estate business - a role he admirably performed through the depths of the credit crisis and real estate markets broadly,"" Botein said.

He added, ""Paul has made notable improvements to our investment processes and risk management systems, supported our clients, and provided great leadership to our team. Now, Jack will take us forward.""

About Author: Heather Cernoch

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