BlackRock Opens Boston Office, Unveils Seven Person Small and Mid Cap Value Team Led by Wayne Archambo

Jan 07, 2002, 00:00 ET from BlackRock, Inc.

    NEW YORK, Jan. 7 /PRNewswire/ -- BlackRock, Inc. (NYSE:   BLK) today
 announced that it has assembled a small and mid cap equity team to be led by
 Wayne Archambo, formerly a partner of Boston Partners Asset Management. Mr.
 Archambo is joined by a group of experienced professionals, including Kate
 O'Connor, CFA, specializing in the healthcare and basic materials sectors;
 Todd Rosner, CFA, covering capital goods and industrial products; Oona
 Elliott, responsible for coverage of consumer products and related sectors;
 Samuel Kidston, energy, financial services and REIT specialist; Bethany
 Angeles, quantitative analyst; and William Moore, small and mid cap equity
 trader. The team, which is based in Boston, is supported by BlackRock's
 extensive resources worldwide.
     Mr. Archambo joins BlackRock with 18 years of industry experience, most
 recently managing approximately $3 billion on behalf of institutional
 investors, including public and private pension plans, foundations and
 endowments. Ms. O'Connor, formerly with Independence Investment LLC, joins
 with 9 years of experience. Mr. Rosner, most recently with DG Capital
 Management, brings 7 years of experience. Mr. Moore, Ms. Elliott and Ms.
 Angeles, all of whom were previously with Boston Partners, bring 38, 6, and
 4 years of experience, respectively. Mr. Kidston joins from Delphi Management
 with 2 years of experience.
     "We are extremely pleased to welcome a professional of Wayne's caliber to
 our equity team," said Laurence D. Fink, Chairman and Chief Executive Officer
 of BlackRock.  "Wayne has tremendous experience and an outstanding track
 record of delivering strong investment performance for clients.  The
 establishment of this exceptional group of professionals marks another
 significant step towards achieving our goal of building a premier equity
     "I am excited to join a firm that has made a clear commitment to building
 a powerful equity business," said Archambo. "I look forward to working with
 such a strong team and bringing clients the benefits of BlackRock's deep
 resources and recognized commitment to client service."
     About BlackRock:
     BlackRock is one of the largest publicly traded investment management
 firms in the United States with $226 billion of assets under management as of
 September 30, 2001.  BlackRock manages assets on behalf of more than
 3,300 institutions and 200,000 individuals worldwide through a variety of
 equity, fixed income, liquidity and alternative investment separate accounts
 and mutual funds, including BlackRock's flagship fund families, BlackRock
 Funds and BlackRock Provident Institutional Funds.  In addition, BlackRock
 provides risk management and investment system services to a growing number of
 institutional investors under the BlackRock Solutions name. Clients are served
 from the Company's headquarters in New York City, as well as offices in
 Wilmington, San Francisco, Boston, Edinburgh, Tokyo and Hong Kong.  BlackRock
 is a member of The PNC Financial Services Group, Inc. (NYSE:   PNC), one of the
 largest diversified financial services organizations in the United States, and
 is majority-owned by PNC and by BlackRock employees.
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SOURCE BlackRock, Inc.