BlackRock names Saudi Aramco CEO Amin Nasser to board

BlackRock said Monday that Amin Nasser, the CEO of Saudi Aramco, the world’s largest oil company, is joining the asset manager’s board of directors.

The world’s largest asset manager said the move reflects the firm’s emphasis on the Middle East as part of its long-term strategy. BlackRock had more than $8 trillion in client assets under management as of 2022.

“Amin’s distinguished career at Aramco, spanning more than four decades, gives him a unique perspective on many of the key issues facing our firm and our clients,” Larry Fink, chairman...