New York-based BlackRock, Inc. (NYSE:BLK) plans to amalgamate BlackRock Asset Management Canada Ltd., BlackRock’s primary asset management subsidiary in Canada, and BlackRock Investments Canada Inc., on December 1. Both firm’s are based in Toronto.

BlackRock acquired Claymore Investments, Inc. and renamed it BlackRock Investments Canada Inc. in March 2012.

The amalgamated corporation will continue to be known as BlackRock Asset Management Canada Ltd. and will be the trustee and manager of the entire Canadian family of iShares exchange-traded and closed-end funds.