BlackRock’s Weinstein to Exit as Multisector Bond Head

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BlackRock Inc.’s Brian Weinstein, head of the business that helps allocate money across all sectors of fixed income for institutional investors, is leaving the firm at the end of June.

Weinstein, who worked at the world’s largest money manager for 13 years, is departing to spend time with his family and reassess his career goals, according to a memo sent to clients by the firm’s co-heads of fixed income in the Americas, Rick Rieder and Kevin Holt. The memo was provided to Bloomberg by New York-based BlackRock. Weinstein, 36, also co-manages the $3 billion BlackRock Inflation Protected Bond Portfolio.