BlackRock has made two appointments in its retail division. Alex Hoctor-Duncan has become head of UK retail, with overall responsibility for sales, marketing and distribution of the firm's retail funds in the UK.
He replaces Richard Royds, who becomes head of BlackRock’s international retail client programme.
Hoctor-Duncan has headed the UK Retail sales division for the last three years. He previously worked at Mercury Asset Management and Merrill Lynch Investment Managers, which he joined in 1997. He will report into James Charrington, head of international retail.
Tony Stenning has been appointed managing director of the unit trust business for UK retail.
Stenning, who joined the firm in 2000, retains his current role as director of UK retail products and client strategies. He previously spent eight years in private client fund management, where he focused on collective investment schemes.
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