Michael Castellano - Blackrock Municipal Independent Trustee

BTT Stock  USD 21.39  0.03  0.14%   

Executive

Mr. Michael J. Castellano serves as Independent Trustee of BlackRock Municipal 2030 Target Term Trust. Mr. Castellano has served as Chief Financial Officer of Lazard Ltd. and as a Managing Director and Chief Financial Officer of Lazard Group. Prior to joining Lazard, Mr. Castellano held various senior management positions at Merrill Lynch Co., including Senior Vice President Chief Control Officer for Merrill Lynchs capital markets businesses, Chairman of Merrill Lynch International Bank and Senior Vice President Corporationrationrate Controller. Prior to joining Merrill Lynch Co., Mr. Castellano was a partner with Deloitte Touche where he served a number of investment banking clients over the course of his 24 years with the firm. Mr. Castellano currently serves as a director for CircleBlack Inc. Mr. Castellanos knowledge of financial and accounting matters qualifies him to serve as a member of each Funds Audit Committee. since 2012.
Age 75
Tenure 12 years
Address 50 Hudson Yards, New York, NY, United States, 10001
Phone212 810 5300
Webhttps://www.blackrock.com/investing/products/24146
Castellano has served as Chief Financial Officer of Lazard Ltd. and as a Managing Director and Chief Financial Officer of Lazard Group. Prior to joining Lazard, Mr. Castellano held various senior management positions at Merrill Lynch & Co., including Senior Vice President—Chief Control Officer for Merrill Lynch’s capital markets businesses, Chairman of Merrill Lynch International Bank and Senior Vice President—Corporationrate Controller. Prior to joining Merrill Lynch & Co., Mr. Castellano was a partner with Deloitte & Touche where he served a number of investment banking clients over the course of his 24 years with the firm.

Blackrock Municipal Management Efficiency

The company has Return on Asset of 0.0189 % which means that on every $100 spent on assets, it made $0.0189 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0289 %, implying that it generated $0.0289 on every 100 dollars invested. Blackrock Municipal's management efficiency ratios could be used to measure how well Blackrock Municipal manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Blackrock Municipal's Return On Tangible Assets are comparatively stable compared to the past year. Return On Assets is likely to gain to 0.02 in 2024, whereas Return On Capital Employed is likely to drop 0.03 in 2024. At this time, Blackrock Municipal's Total Current Liabilities is comparatively stable compared to the past year. Liabilities And Stockholders Equity is likely to gain to about 2.9 B in 2024, whereas Non Current Liabilities Total is likely to drop slightly above 553.4 M in 2024.
Blackrock Municipal Target has 819.39 M in debt with debt to equity (D/E) ratio of 0.57, which is OK given its current industry classification. Blackrock Municipal has a current ratio of 0.17, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for Blackrock to invest in growth at high rates of return.

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Blackrock Municipal 2030 Target Term Trust is a closed end fixed income mutual fund launched by BlackRock, Inc. Blackrock Municipal 2030 Target Term Trust was formed on August 30, 2012 and is domiciled in the United States. Blackrock Municipal is traded on New York Stock Exchange in the United States. Blackrock Municipal Target (BTT) is traded on New York Stock Exchange in USA. It is located in 50 Hudson Yards, New York, NY, United States, 10001 and employs 23 people. Blackrock Municipal is listed under Asset Management & Custody Banks category by Fama And French industry classification.

Management Performance

Blackrock Municipal Leadership Team

Elected by the shareholders, the Blackrock Municipal's board of directors comprises two types of representatives: Blackrock Municipal inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Blackrock. The board's role is to monitor Blackrock Municipal's management team and ensure that shareholders' interests are well served. Blackrock Municipal's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Blackrock Municipal's outside directors are responsible for providing unbiased perspectives on the board's policies.
Henry Gabbay, Independent Trustee
CFA CFA, Portfolio Mang
Karen Robards, Independent Vice Chairperson of the Board of Trustees
Richard Cavanagh, Independent Co-Chairman of the Board of Trustee
Charles Park, Chief Compliance Officer & Anti- Money Laundering Officer
Frank Fabozzi, Independent Trustee
J Holloman, Independent Trustee
Janey Ahn, Secretary
John Perlowski, President, Chief Executive Officer, Trustee
Michael Castellano, Independent Trustee
Cynthia Egan, Independent Trustee
Jay Fife, Treasurer
Jonathan Diorio, Vice President
R Hubbard, Independent Trustee
Phillip CFA, Portfolio Manager
Michael CFA, Portfolio Manager
Robert Fairbairn, Independent Trustee
Neal Andrews, Chief Financial Officer
Trent Walker, Chief Financial Officer
Catherine Lynch, Independent Trustee
CFA Jaeckel, Portfolio Manager
Stayce Harris, Independent Trustee
W Kester, Independent Trustee

Blackrock Stock Performance Indicators

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Thematic Opportunities

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