Investec merger news not to affect Morillo role

Albert Morillo is to continue managing Investec's European portfolio despite the announcement last week that his employer, BlackRock, is to merge with Merrill Lynch's asset management arm. Morillo has run the European portfolio on an outsourced basis for several years and Investec confirmed that, while the merger alters the business he works for, it will be sticking with the manager for the time being. It added it will monitor the terms of the transaction over the coming months. Morrillo's performance on the fund has suffered in recent years. However, over the 12 months he has brought th...