Updated Thursday, April 24, 2014 as of 9:25 PM ET

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BlackRock Names Koesterich Chief Investment Strategist

Alexis Leondis

Koesterich will be responsible for communicating the firmís strategy and market outlook to investors and financial advisers, New York-based BlackRock said today in a statement. Koesterich will report to Ken Kroner, global head of the firmís multi-asset strategies group.

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