People News: BNY Mellon, BlackRock

Bank of New York Mellon has appointed David Cruikshank as chairman of Asia-Pacific, replacing Stephen Lackey who becomes vice chairman of BNY Mellon Pennsylvania.

Reuters reports that Cruikshank has worked at the bank since 2003 and is in charge of the corporates and public finance market segment within global client management.

In the meantime, Bloomberg News also reports that BlackRock has started a hedge fund with a $200m investment from New Zealand’s sovereign-wealth fund that will seek to profit from bets on companies involved in takeovers.

The merger-arbitrage fund began trading this month and is run by former Harvard money manager Mark McKenna, who oversees the firm’s global event-driven strategy aimed at benefiting from takeovers, divestitures and management changes, according to a person with knowledge of the matter.

MOVES-BNY Mellon names Cruikshank as Asia-Pacific chair

BlackRock’s McKenna Said to Start Merger-Arbitrage Hedge Fund


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