BlackRock Inc. — The New York asset manager has announced a slate of promotions. Geir Espeskog has been called up to be head of BlackRock's Asia Pacific distribution for exchange-traded funds unit iShares. He will be based in Hong Kong. Espeskog was most recently head of iShares for the Nordic region. Separately, the firm named Sean Cunningham as head of iShares capital markets for APAC, Jonathan Howie as head of iShares Australia and Jason Miller as head of iShares Japan.
First Reserve — The Greenwich, Connecticut-based private equity firm has promoted Eduard Ruijs and Mark Saxe to managing directors. The appointments become effective January 1, 2015. Prior to joining First Reserve, Ruijs was with NIBC Infrastructure Partners where he served as a investment director and partner. Saxe was a director in Loews Corp.’s corporate development department.