BlackRock has hired a new head for its US private client business from Chicago-based Nuveen Investments, which is the target of a $6.3bn (€4.6bn) takeover from a consortium led by private equity firm Madison Dearborn.

Michael Lewers will join BlackRock on September 4 and be responsible for investment product sales. He will report to Frank Porcelli, managing director and head of the firm's private client group.

Phil Craig

Bank of New York

Citigroup

Deutsche Bank

Morgan Stanley

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BlackRock hires head of private clients

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