BlackRock Inc., a New York investment manager, announced that it had added Mathis Cabiallavetta to its board of directors.
The addition of Mr. Cabiallavetta brings the board's roster of directors to 17, 10 of whom are unaffiliated with the company, it said on Tuesday. He is a vice chairman at Marsh & McLennan Cos. Inc., chairman of MMC International, and since 1994 a member of MMC's International advisory board.
BlackRock, in which Merrill Lynch & Co. Inc. owns a 49% stake, had $1.23 trillion of assets under management at June 30.
