Is Barclays owned by BlackRock?

Is Barclays owned by BlackRock?

In a deal that rocked the global investment industry in the early aftermath of the great financial crisis, New York-based BlackRock agreed to pay $13.5 billion to acquire the investment management business of London-based Barclays.

What is BGI BlackRock?

BGI, which has operations in 15 countries and ranks as Europe’s largest hedge fund manager, will help expand BlackRock’s reach around the world and into new products spanning actively and passively managed portfolios.

What happened to Barclays Global Investors?

Investment manager BlackRock Inc. said Tuesday that it has completed its acquisition of Barclays Global Investors, including the purchase of the iShares exchange traded funds business. The combined firm will operate under the BlackRock name and the iShares brand will be retained, the company said.

Who owns Barclays Global?

BlackRock
Barclays Global Investors was acquired by BlackRock on Jun 11, 2009 .

Is iShares owned by Barclays?

iShares is a collection of exchange-traded funds (ETFs) managed by BlackRock, which acquired the brand and business from Barclays in 2009. The first iShares ETFs were known as World Equity Benchmark Shares (WEBS) but have since been rebranded.

When did BlackRock acquire Barclays?

June 2009
In the landmark acquisition, announced in June 2009, BlackRock agreed to buy the entire BGI business for $13.5bn, although this figure rose to $15.2bn by the time the deal completed in December that year.

How much did BlackRock pay for BGI?

In the landmark acquisition, announced in June 2009, BlackRock agreed to buy the entire BGI business for $13.5bn, although this figure rose to $15.2bn by the time the deal completed in December that year.

Why did Barclays sell iShares?

The sale generated much-needed capital for Barclays to fend off anxious regulators after the bank resisted a government bailout during the financial crisis. The cash would also help Barclays fund its acquisition of Lehman Brothers’ assets in the US, a deal that completed in September 2008.