BlackRock Opening “Snowbird” Office In West Palm Beach

Zero Hedge

By Tyler Durden – August 9, 2022

The world’s largest money management company is uprooting a portion of its Midtown Manhattan-based business to new offices in South Florida as the “Wall Street South” movement gains momentum.

BlackRock Inc.’s Rick Rieder, head of fixed income, who oversees 20% of the firm’s assets, or about $1.7 trillion, is expected to begin operations shortly from a new West Palm Beach office, according to WSJ, citing people familiar with the matter. 

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