BlackRock Inc. has named Carlos Massaru Takahashi to be its CEO for Brazil, Valor Econômico reported.

Massaru Takahashi has worked as a senior management consultant for BlackRock since 2016. He previously served as president of BB Gestão de Recursos-Distribuidora de Títulos e Valores Mobiliários SA, the asset management arm of Banco do Brasil SA.

Brazil is BlackRock's fourth-largest market in Latin America, with US$6.4 billion in assets under management.