She also will continue to serve as a director of DSP BlackRock Investment Managers, the firm’s joint venture in India.

Wagner also serves as a member of the company’s global executive committee and global operating committee.

Previously, she served as BlackRock’s COO and head of corporate strategy, and also led the company’s international client and alternative investments businesses.

BlackRock chairman and CEO Laurence Fink said that Sue’s election to the board reflects the profound contribution she has made to the company and its clients in a range of leadership positions since 1988

"Sue has spearheaded every critical corporate transaction in our history and played a pivotal role in the genesis of many of the businesses that have become central to our success," Fink said.