BlackRock has appointed Christopher Jones as new chief investment officer for stocks in the Americas replacing Chris Leavy, who went on medical leave in June of last year.
Additionally, Leavy will also serve as global co-head of fundamental equity, together with Nigel Bolton, head of BlackRock’s European equity team.
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Jones will join BlackRock in a few months to expand the firm’s active equity business, reported Bloomberg.
BlackRock CEO Laurence Fink said that he is looking to improve fund performance in the stock unit to attract assets.
Prior to joining BlackRock, Jones served as CIO for JPMorgan Asset Management’s growth and small-cap US equity team.
Quintin Price, global head of active strategies, said: "We have a great opportunity to take market share in many areas of the actively managed business over the next few years. I am sure Chris Jones’s arrival will help us maximize our impact."
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By GlobalDataFink said: "The changes we made to our U.S. Fundamental Active Equity team are paying dividends, with the four largest funds under new management all showing material performance improvement."
