Mark Lyttleton is to stand down as fund manager of the £447m BlackRock UK fund.
Lyttleton (pictured) has managed the fund since September 2001. He co-manages the fund with Nick Little who will become the lead manager on the fund from March 1. Little was appointed on the fund in September last year.
Lyttleton remains the manager on the £1.2bn absolute alpha fund and £872m dynamic fund.
BlackRock head of UK retail Tony Stenning says: “Little’s appointment to sole manager is a reflection of his strong track record of managing UK equity mandates and the importance of the core offering in the BlackRock UK equity product range.
“He has a long track record of success and a strong reputation amongst the investor community for his stock-picking talent and with Nick as sole manager we are able to continue to provide a broad and diverse range of product solutions that meet our clients’ needs.”