BlackRock bond head quits role

 
City A.M. Reporter
BLACKROCK, the world’s largest money manager, said yesterday Peter Fisher was stepping down as head of fixed income at the New York-based firm.

Fisher will become a senior director at the BlackRock Investment Institute, which produces research for investors.

BlackRock chief executive Laurence Fink said Fisher, 56, had completed a multi-year turnaround to improve performance at the firm’s vast bond division.