BlackRock reshuffles European teams

Jean Francois CirelliBlackRock has appointed Jean-François Cirelli as chairman and senior adviser for France, Belgium and Luxembourg.

The position is newly created and Cirelli starts in the role in January with responsibility for developing and executing BlackRock’s long-term business strategies.

Cirelli began his career in business and government in 1985. He held various positions at the French Ministry for the Economy and Finance, successively in charge of housing policy, the General Secretariat of the Paris Club and the regulation of financial markets.

Other roles have included alternate director for France at the International Monetary Fund. In 1995, he was appointed economic adviser to the French president, a position he held until 2002 when he was appointed deputy chief of staff to the French prime minister, Jean-Pierre Raffarin, primarily in charge of economic, industrial and labour issues.

Stéphane Lapiquonne has been appointed as head of BlackRock France, Belgium and Luxembourg. Lapiquonne was previously a member of BlackRock Solutions’ financial markets advisory group.

Benoit Sorel and Sylvain Favre-Gilly will also see their roles expanded in France, Belgium and Luxembourg. Sorel will be responsible for iShares in these regions, while Sylvain will be in charge of institutional business.

Eric Wohleber, having spent over nine years with BlackRock, will step down from his dual-position of country manager and head of iShares for France.

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