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Stock impact report

BlackRock Considers Increasing Mexico Headcount to Deepen Its Presence [Yahoo! Finance]

Blackrock Health Sciences Trust (BME) 
Company Research Source: Yahoo! Finance
Mexico offers lucrative investment opportunities in infrastructure projects, Sergio Mendez, BlackRock's top executive in Mexico stated during a panel discussion last week. Further, the head of Mexico's debt office informed in an annual gathering of the country's pension funds that the government seeks to finance its projects with different types of securities. BlackRock aims to strengthen its presence in the country to capitalize on this opportunity and earn solid returns. Presently, the asset manager has roughly 250 employees in the country. This move aligns with BLK's initiative to boost its presence domestically and globally. Earlier this week, the company received a commercial license to conduct operations in Abu Dhabi expanding its regional presence. Last month, the company obtained approval from Saudi Arabia to establish regional headquarters in Riyadh. Further, BlackRock and India-based Jio Financial have received in-principle approval to act as co-sponsors and establish a Show less Read more
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