Blackrock fires top executive, whose wife also works for the firm, for having an affair with a colleague
Affair: Mark Wiseman was Blackrock’s global head of active equities
Blackrock has sacked one of its top executives after he had an affair with a colleague.
Mark Wiseman, global head of active equities, had been tipped to succeed boss Larry Fink, but he was fired after admitting the relationship broke company rules.
His wife, Marcia Moffat, is Blackrock’s head of Canadian operations.
Wiseman, 48, said in a memo to staff: ‘I engaged in a relationship with one of our colleagues without reporting it as required.
‘I regret my mistake and accept responsibility for my actions.’
Fink and Blackrock president Rob Kapito told staff: ‘We expect every employee to uphold the highest standards of behaviour.’