Jupiter has hired BlackRock head of international retail Maarten Slendebroek as distribution and strategy director.
Slendebroek, who will also join the board as an executive director, is expected to join the firm in the second half of 2012 and will report to Jupiter chief executive Edward Bonham-Carter.
Slendebroek has over 25 years experience in financial services, the past 18 of which have been spent at BlackRock.
BlackRock has moved quickly to fill the void left by Slendebroek’s departure by appointing Alex Hoctor-Duncan as head of retail for Europe, Middle East and Africa.
Hoctor-Duncan’s promotion to the newly-created job from his head of sales for EMEA role will see him report to Rob Fairbairn, head of the global client group, and James Charrington, chairman of the EMEA region.
He will also report into BlackRock’s EMEA and global client group executive committees.
Mark McCombe, chairman of Asia Pacific, will oversee retail business in that region following Slendebroek’s departure.
Deputy head of the Latin America and Iberia region Armando Senra will oversee retail business for that market.
Fairbairn says: “Since joining BlackRock in 1997, Alex has held a wide variety of roles within retail, giving him a deep knowledge of how best to serve our clients.”