Both funds were launched two decades ago are currently managed by Robert Bayston and Nate D. Pearson.

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The fund provides eligible investors exposure to global REITs, listed infrastructure, commodity futures, natural resource equities and treasury inflation-protected securities.

Paulina Mejia will oversee the company’s private wealth business in New York, with a focus on building the business in the Greater New York region.

In his new role, David Murphy will be responsible for overseeing Boston Private’s wealth advisory team in Boston as well as driving strategic initiatives to support asset growth.

BlackRock's iShares ETF unit now accounts for about 27% of firm's $5.7 trillion total assets under management.

The fund will be managed by a pair of Citywire AA-rated portfolio managers John Levin and Jack Murphy.

The two funds will be sub-advised by Atlanta-based value boutique Shapiro Capital Management, in which American Beacon acquired a majority stake in February.

52-year-old Charles Scharf was most recently chief executive and a director of Visa from October 2012 through December 2016.