Up to 40 industry professionals gathered at the end of August to celebrate the opening of BlackRock's office in Miami, which is located at 701 Brickell Avenue and which will bring together the firm's entire workforce within the same workspace.
"For me, this is a testament of our commitment to Miami, and to Latin America, and we will conclude the year with a team of 300 people dedicated to the LatAm and Iberian regions, and the greatest part of our growth has come from the Americas, which is the region with the fastest growth of our entire company," Armando Senra, Managing Director and Head of Latin America & Iberia for BlackRock pointed out. Based in New York, he wanted to be present at the opening of this new office.
The new office addresses the need to better serve investors in the Miami area. It has state-of-the-art technology and will welcome all employees of the firm, including the offshore sales team, the official institutions’ group, and the Separately Managed Accounts product team.
"I believe that with this office we are solidifying our presence in this market. For us, Miami goes far beyond the local market, we believe that it is a point from which we can affect BlackRock’s influence, not only in the US Offshore market, but also in the rest of Latin America, it's a very special moment for us, "explained Eduardo Mora, Co-Head of BlackRock's Offshore business, with a special focus on Home Office and Key Accounts, during the typical inaugural ribbon-cutting ceremony.
BlackRock already had a broad presence in Miami since 2013, the year in which it started with a staff of 5 people and which now totals 12 industry professionals. During these 5 years, the international asset management company has seen its assets under management grow at an average annual rate of 17%.
This is your home and I would like to welcome you," said Jordie Olivella, Co-Head of BlackRock's Offshore business with a special focus on US Offshore Field Sales, addressing the cocktail audience. "We are committed to the market, to the city, and to our clients and their success. That is our focus every day and the spirit of BlackRock. "