Top firm co-President dies aged 50

Carnation

Sad to report.

Charles Hallac, who conceived BlackRock’s investment management platform and founded its advisory business, has died. He was 50.

Bloomberg News reports that he died Wednesday at Memorial Sloan Kettering Cancer Center in New York, Brian Beades, a spokesman for the company, said in a telephone interview. The cause was colon cancer, which was diagnosed about four years ago.

Hallac spent 27 years at the firm, the world’s largest money manager, rising to co-president in April 2014, a position he shared with Rob Kapito.

'Charlie was not only my partner for many years, but also a trusted and valued friend', Laurence Fink, BlackRock’s chairman and chief executive officer, said in a statement. 'He was a visionary who embodied our culture and was truly the heart and soul of BlackRock'.

To access the complete Bloomberg News article hit the link below:

Charles S. Hallac, BlackRock’s Co-President, Dies at 50

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