BlackRock has hired Nancy Everett as managing director, head of U.S. fiduciary management solutions, a new position. She was previously chief executive officer of Promark Global Advisors, previously known as General Motors Asset Management.

“I am delighted that Nancy will be joining BlackRock,” said Laurence Fink, chairman & CEO. “I can attest firsthand that she brings to her new role a wealth of experience and a strong track record in the development of industry leading practices within the public and corporate pension sector. Nancy’s background and vision regarding the creation of truly client-centric investment and risk management solutions, including outsourcing, will greatly enhance and further distinguish BlackRock’s portfolio offerings for institutional clients.”

Prior to joining Promark in 2005, Everett spent 26 years with the Virginia Retirement System, with her last position as chief investment officer of the defined benefit plan.

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