Nestle moves pension assets to BlackRock as it reorganizes internal management unit (2024)

Nestle SA, Vevey, Switzerland, hired Blackrock Advisors (U.K.) as acting interim investment manager for its pension funds, said a spokesman for the Swiss transnational food and drink company.

By changing the central pension organization, the sponsoring employer aims to manage risk more effectively, strengthen governance and reduce operational costs, the spokesman added.

According to Nestle's 2016 financial report, Nestle Capital Advisers and its subsidiaries, Nestle Capital Management and Robusta Asset Management, managed the assets of Nestle's pension funds. Nestle Capital Management had 10.4 billion Swiss francs ($10.2 billion) under management as of Dec. 31. The assets managed by Robusta Asset Management amounted to 9.5 billion Swiss francs on Dec. 31.

Nestle has retirement arrangements in Switzerland, Germany, the U.K. and U.S. The spokesman declined to comment on whether all pension funds are affected by the change of managers and whether internal money management will be completely dropped.

“We are continuously exploring ways in which our company can operate sustainably in a highly competitive business environment. Nestle is thus strengthening its pension management strategy by changing its central pension organization. This change in Nestle's pension organization will also promote a more collaborative working relationship between our company and local market pension funds,” the spokesman said.

Further information was not provided.

Nestle moves pension assets to BlackRock as it reorganizes internal management unit (2024)

FAQs

What does BlackRock do? ›

BlackRock is one of the world's leading providers of investment, advisory and risk management solutions. We are a fiduciary to our clients. We're investing for the future on behalf of our clients, inspiring our employees, and supporting our local communities.

What is the AUM of BlackRock? ›

Who is the biggest investor in Nestle? ›

Top 10 Owners of Nestle SA
StockholderStakeShares owned
Gardner Russo & Quinn LLC0.32%8,722,425
Fisher Asset Management LLC0.19%5,258,768
Capital Research & Management Co....0.17%4,559,558
First Manhattan Co.0.13%3,589,740
6 more rows

Who is black rocks largest shareholder? ›

The Vanguard Group, Inc.

Who are the 7 owners of BlackRock? ›

BlackRock was founded in 1988 by Larry Fink, Robert S. Kapito, Susan Wagner, Barbara Novick, Ben Golub, Hugh Frater, Ralph Schlosstein, and Keith Anderson to provide institutional clients with asset management services from a risk management perspective.

Why is BlackRock so successful? ›

It runs a massive technology platform that oversees at least $21.6 trillion in assets. In 1999, BlackRock started selling Aladdin, which analyses and tracks investors' portfolios and can help professional money managers spot risks. Today, it is a juggernaut widely used in the money management industry and beyond.

What are the assets under management of BlackRock 2022? ›

Specifically, AUM totaled about $7.96 trillion at the end of the third quarter of 2022, down from about $9.46 trillion at the end of the year-ago third quarter, BlackRock said in a Thursday release. The third quarter AUM represented a 6.2% drop from the $8.49 trillion recorded at the end of the second quarter of 2022.

Why do people not like BlackRock? ›

However, BlackRock's investment activity and governance practices drive business operations that directly harm Black and Indigenous communities and people of color around the world.

Does Bank of America own BlackRock? ›

BofA owned as much as a 34 percent stake in BlackRock that has shrunk to 7 percent before this share sale was announced.

What bank owns BlackRock? ›

The PNC Financial Services Group, Inc.

Who is the No 1 investor in world? ›

Warren Buffett is widely considered to be the most successful investor in history. Not only is he one of the richest men in the world, but he also has had the financial ear of numerous presidents and world leaders. When Buffett talks, world markets move based on his words.

Who is Nestle owned by? ›

Nestle is a publicly owned multinational food processing conglomerate. Retail investors own approximately 68% of the company, while institutional investors own the other 32%.

Where does Nestle make the most money? ›

Nestlé's leading markets worldwide 2021, based on sales

The biggest market for the Nestlé Group is the United States, which generated 26.26 billion Swiss francs in sales in 2021. Nestlé owns and operates a wide variety of different food and beverage brands.

How much of Walmart does BlackRock own? ›

Top 10 Owners of Walmart Inc
StockholderStakeShares owned
The Vanguard Group, Inc.4.62%124,657,498
BlackRock Fund Advisors2.37%63,893,429
SSgA Funds Management, Inc.2.25%60,659,193
Geode Capital Management LLC0.91%24,541,807
6 more rows

Does BlackRock own shares in Walmart? ›

Walmart's largest institutional investors include the John T. Walton Estate Trust, Vanguard Group, and BlackRock.

Is Disney owned by BlackRock? ›

The top shareholders of Disney are Robert A. Iger, Christine M. McCarthy, Alan N. Braverman, Vanguard Group Inc., BlackRock Inc.

Is BlackRock owned by Starbucks? ›

ownership in SBUX / Starbucks Corporation - 13F, 13D, 13G Filings - Fintel.io.
...
BlackRock Inc. ownership in SBUX / Starbucks Corporation.
SecuritySBUX / Starbucks Corporation
InstitutionBlackRock Inc.
Latest Disclosed Ownership82,463,593 shares
Ownership7.00%

Is Netflix owned by BlackRock? ›

Institutional investors hold a majority ownership of NFLX through the 79.80% of the outstanding shares that they control.
...
Top 10 Owners of Netflix Inc.
StockholderBlackRock Fund Advisors
Shares owned18,842,123
Total value ($)5,556,165,230
Shares bought / sold-67,319
Total change-0.36%
9 more columns

Does Amazon own BlackRock? ›

Institutional investors hold a majority ownership of AMZN through the 59.99% of the outstanding shares that they control.
...
Top 10 Owners of Amazon.com Inc.
StockholderBlackRock Fund Advisors
Stake3.68%
Shares owned375,545,302
Total value ($)31,545,805,368
Shares bought / sold+3,648,678
9 more columns

What is the problem with BlackRock? ›

June 5, 2018 — A global group of 10 environmental organizations — including the Sierra Club — launches a campaign dubbed “BlackRock's Big Problem.” Seeking to pressure the firm over its impact on the environment, the group accuses the asset manager of being one of the world's biggest investors in “climate destruction.” ...

How do you answer why BlackRock? ›

Examples of reasons you want to work for BlackRock:
  1. People turn to them when planning their most important goals.
  2. BlackRock is building a culture of innovation, curiosity, and compassion that enables every one of its employees to make an impact.
  3. The company's commitment to diversity and inclusivity.
Sep 13, 2022

Is BlackRock controlling the world? ›

BlackRock has evolved from a small startup to a global conglomerate. This market giant invests in experimenting in all areas, and as a result, it owns shares and voting rights in several of Europe's largest firms, including those in energy, oil and gas, and, of course, banking.

What company has the most assets under management? ›

BlackRock

What is the best performing asset in 2022? ›

Losses dominated market activity for the major asset classes in 2022. Commodities and cash are the exceptions. The big winner: broadly defined commodities. Overall, markets suffered far and wide, including losses for US stocks and bonds in the same calendar year.

What are the top 10 holdings of BlackRock? ›

A Look At BlackRock's Top 10 Holdings
StockSymbol% of Portfolio
Exxon Mobil Corp.XOM2.25
Apple Inc.AAPL1.58
Chevron Corp.CVX1.51
Microsoft CorporationMSFT1.45
6 more rows
Sep 21, 2011

Who owns majority of shares in Nestle? ›

General Public Ownership

The general public — mostly retail investors — own 68% of Nestlé .

What company does BlackRock own? ›

BlackRock is the parent company for the iShares group of ETFs, the largest global provider of ETFs. 1 BlackRock derives the majority of its revenue from investment advisory and administrative fees charged to its clients. Among BlackRock's major competitors are The Vanguard Group, State Street Corp. (STT), and T.

Who owns Nestle? ›

Nestle is a publicly owned multinational food processing conglomerate. Retail investors own approximately 68% of the company, while institutional investors own the other 32%. The company comprises many brands and is headquartered in Vaud, Switzerland.

Is Nestlé owned by co*ke? ›

Beverage Partners Worldwide was a joint venture between The Coca-Cola Company and Nestlé with headquarters in Zurich, Switzerland.
...
Beverage Partners Worldwide.
FormerlyCoca-Cola Nestlé Refreshments Company S.A. (1991-1994)
OwnerThe Coca-Cola Company Nestlé
Number of employees15-50
7 more rows

Will Nestlé stock split? ›

Nestle India Ltd.

Nestle India has not split the face value of the share so far.

Top Articles
Latest Posts
Article information

Author: Saturnina Altenwerth DVM

Last Updated:

Views: 5527

Rating: 4.3 / 5 (64 voted)

Reviews: 87% of readers found this page helpful

Author information

Name: Saturnina Altenwerth DVM

Birthday: 1992-08-21

Address: Apt. 237 662 Haag Mills, East Verenaport, MO 57071-5493

Phone: +331850833384

Job: District Real-Estate Architect

Hobby: Skateboarding, Taxidermy, Air sports, Painting, Knife making, Letterboxing, Inline skating

Introduction: My name is Saturnina Altenwerth DVM, I am a witty, perfect, combative, beautiful, determined, fancy, determined person who loves writing and wants to share my knowledge and understanding with you.