BlackRock has hired seven people to join its European Equity Style Diversified team, led by Nigel Bolton.
The new team members previously worked at Scottish Widows Investment Partnership (SWIP) as part of its European team, which used to be run by Bolton.
The team will be responsible for total European equity assets under management of around $14.7bn.
As a result of the move, Nigel Bolton will manage the MLIIF European and MLIIF European Focus funds. He will co-manage the European Growth fund with Michael Constantis.
Vincent Devlin will manage the ML Continental European fund and Alex Hibbert will manage European Dynamic and MLIIF Continental European flexible funds.
The management of other funds in the European team will remain the same.
Commenting on the appointments, Alex Hoctor-Duncan, managing director of BlackRock UK Retail, says: “In line with the aspirations of the firm's clients, BlackRock recognised the need to expand an already solid European Equity team.
"We believe with these talented individuals we now have the ability to be a major player in this important sector.”
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