BlackRock has hired Andrew Marquardt as a managing director in its financial markets advisory group.

Marquardt will also join the New York firm's senior management team. He most recently worked at Evercore, the New York investment bank, where he was head of bank research and a founding principal of Evercore Institutional Equities. He left Evercore in October, according to his LinkedIn profile.

"I am pivoting in this new role where I will help shape FMA's strategy by focusing on the significant market trends and regulatory challenges, as well as helping to build a knowledge infrastructure within the team," Marquardt said in an email Thursday.

BlackRock's financial markets advisory group was formed in 2008 and has more than $29 billion in assets under management, according to the company's website.

Evercore last year bought the operations of ISI International Strategy & Investment. The firms merged their sales, research and agency trading divisions.

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