Former BlackRock star manager Mark Lyttleton sentenced to 12 months for insider trading

'Sorry and embarrassed'

Jayna Rana
clock • 3 min read

Ex-BlackRock fund manager Mark Lyttleton has been given a 12-month sentence, including six months in jail, after previously pleading guilty to two counts of insider trading made in 2011.

He received a sentence of 12 months, to start immediately, of which six months will be spent in prison and the remainder out on licence. The manager, who was once responsible for over £2bn at BlackRock including the UK Dynamic and UK Absolute Alpha funds, attended a sentencing hearing at Southwark Crown Court today. Lyttleton (pictured) pleaded guilty to the two counts of insider trading related to equity trades and a call option at a London court on 2 November. He was arrested in April 2013, after resigning from his role a month before. In court this morning, the former fund manag...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on People

People Moves: Armstrong Watson hires planning consultant

People Moves: Armstrong Watson hires planning consultant

Benjamin Walsh has joined the firm’s healthcare services team

Professional Adviser
clock 28 March 2024 • 1 min read
Headteacher to adviser: Kenneth Hopewell on emotional intelligence

Headteacher to adviser: Kenneth Hopewell on emotional intelligence

‘I like meeting people and wanted to do something where I help others’

Isabel Baxter
clock 22 March 2024 • 2 min read
Titan Private Wealth names joint chief executive

Titan Private Wealth names joint chief executive

Mark Beddall joins as joint chief executive alongside Mark Puleikis

Isabel Baxter
clock 20 March 2024 • 1 min read