BlackRock Adds Former Ignis COO Mark LongMark Long, a former chief operating officer at Standard Life-owned Ignis Asset Management, has been appointed by BlackRock, Inc. as its new chief operating officer for the European Fundamental Credit business.
Mark Long has joined BlackRock after three-and-a-half years as COO of Ignis Advisors, where he had responsibility for product development, due diligence and operations.
Ignis Advisors was launched in 2010 as the company’s alternatives business, with a range spanning funds of hedge funds, funds of private equity funds and retail multi-manager products.
BlackRock’s European Fundamental Credit business sits within the fixed income division of the Alpha Strategies business unit, which is headed by Quintin Price, a member of BlackRock's global executive committee. It invests by taking a view on the fundamentals of a business, the credit quality of an issuer and an analysis of the security.
A spokesman for BlackRock confirmed the hire but declined to comment further.
Prior to working at Ignis, Long was corporate development director at Man Group’s fund of hedge funds business, FRM.
For Standard Life Investments, Long’s departure is the latest in a long line of exits from Ignis, the business it acquired for £390 million in July of this year.Source: Financial News