Nigel Bolton has joined BlackRock as head of the group’s European equity style diversified team.
The ex-Scottish Widows Investment Partnership (Swip) head of European equities arrives as part of a significant bolstering of the desk with a total of seven new team members.
Bolton will run the MLIIF European and European focus funds, while former Swip investment directors Vincent Devlin and Alister Hibbert also join the group with Devlin taking on the ML Continental European fund and Hibbert the ML European dynamic and MLIIF Continental European flexible funds.
Alice Gaskell and Andreas Zoellinger will continue to co-manage the MLIIF Euro Markets portfolio and James Macmillan the MLIIF European Value and the Merrill Lynch Greater European flexible funds.
BlackRock managing director UK retail Alex Hoctor-Duncan says: “BlackRock’s international retail business has experienced significant growth since 2004 through a combination of strong performance, product innovation and a strong distribution platform. 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.”