BlackRock co-head of global multi-asset strategies, Colin Graham, has stepped down and handed over management of his two funds.
Philip Green will be appointed as the head of global multi-asset strategies for BlackRock, in place of Graham, who will remain as an adviser to the team until the end of April 2013.
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Graham has spent 16 years with the firm and now he will hand over control of his GBP234 million (US$353.5 million) Balanced Growth fund and GBP11 million Active Managed fund. These funds will now be co-managed by Philip Brides and Andy Warwick respectively.
In a statement, Graham said: "Philip’s appointment follows the decision of Colin Graham to step down from his position as senior portfolio manager within the Multi-Asset Portfolio Strategies team after 16 years, to pursue other career opportunities."
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