BlackRock’s Wiseman In His Own Words: ‘I Regret My Mistake’

(Bloomberg) -- Here are excerpts from the internal memo that BlackRock Inc.’s Mark Wiseman sent on Thursday.

Wiseman, global head of active equities, was ousted for a violation of company relationships at work policy, the firm said.

• “I am leaving BlackRock because in recent months I engaged in a consensual relationship with one of our colleagues without reporting it as required by BlackRock’s Relationships at Work Policy.”
• “I regret my mistake and I accept responsibility for my actions.”
• Of his role: “We have sought to redefine the future of active management across both public equities and private markets.”
• “In closing, let me express my sincere thanks to each of you for the commitment you have shown to BlackRock and the friendship you have shown to me.”

To contact the reporter on this story: Alan Mirabella in New York at amirabella@bloomberg.net

To contact the editors responsible for this story: Sam Mamudi at smamudi@bloomberg.net, Vincent Bielski

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