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Rating:Is a BlackRock Exec Heading to Claymore? Not Rated 3.0 Email Routing List Email & Route  Print Print
Wednesday, February 10, 2010

Is a BlackRock Exec Heading to Claymore?

Reported by InvestmentWires Staff, 

Steve Baffico, a long-time fund executive at BlackRock, left the firm Friday last week, according to an industry source. We're hearing that Claymore Securities is looking for a new president and Baffico might just be the guy.

Claymore's president, Christian Magoon, left at the end of last year, a few months after Claymore was purchased by Guggenheim Partners.

Baffico could not be reached for comment. A Claymore representative was not immediately able to comment. A BlackRock spokesperson declined to comment.

Baffico spent 10 years at BlackRock, most recently in the role of managing director of closed-end fund distribution. BlackRock has not replaced him at this time, according to a company insider.  

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