© Reuters. FILE Photo: A BlackRock creating is found in New York June 12, 2009. REUTERS/Eric Thayer/File Image
(Reuters) – BlackRock Inc (NYSE:) Vice Chairman Philipp Hildebrand is getting portion in talks as Swiss officers try to set jointly a deal for UBS Group to choose about Credit Suisse Group AG, Bloomberg News documented on Saturday, citing unknown resources.
Asked about the report, BlackRock spokesman Ryan O’Keeffe stated in a telephone job interview that “Philipp has no official involvement in these conversations at all.”
Hildebrand, who joined New York-centered asset manager BlackRock in 2012, earlier chaired the governing board of the Swiss Nationwide Financial institution. In accordance to his biography on BlackRock’s web site, in that ability he also was a member of the Monetary Steadiness Board, the place he was appointed vice chairman in 2011.
Sources have told Reuters that UBS was mulling a takeover of embattled peer Credit history Suisse, which could allay fears that an unfolding disaster at the latter bank could destabilize the world wide money technique.
Previously on Saturday, BlackRock stated it has no programs or curiosity in buying Credit history Suisse, soon after a report it was working on a bid to counter UBS.