NEW YORK, March 16 (Reuters) - BlackRock Inc is appointing a new head of global trading, a senior executive said on Thursday, elevating a specialist in electronic trading at the company responsible for more than $5 trillion in assets.
Supurna VedBrat is taking the role early next quarter, the executive, Richie Prager, who is head of BlackRock’s Trading, Liquidity and Investments Platform, said in a statement emailed to Reuters.
VedBrat was previously a deputy head of trading, with oversight over stock trading globally and prime brokerage financing. She also was co-head of electronic trading and market structure operations spanning assets.
The other deputy head of trading, Chris Vogel, who specialized in fixed income and currencies, is planning to leave BlackRock in August, a spokeswoman confirmed.
The spokeswoman said neither of the executives had comment.
“Under Supurna’s leadership to date, BlackRock has made significant strides to deliver performance to clients through improved access to liquidity and reduced transaction costs,” Prager said. (Reporting by Trevor Hunnicutt; Editing by Chizu Nomiyama)