BlackRock expands in Paris ahead of Brexit: Reuters

|By:, SA News Editor

BlackRock (NYSE:BLK) is increasing its staff in Paris, another sign that the French capital is picking up business ahead of the U.K.'s exit from the European Union, Reuters reports, citing a source close to BlackRock.

The firm is also seeking to set up an alternative investment management business in Paris. It recently hired senior executives there, where it will provide services for clients in other countries on the European continent.

The source didn't say how many positions were being created in BlackRock's Paris office.

Subscribe for full text news in your inbox