BlackRock appoints new head of retail for EMEA
Black Rock has appointed Alex Hoctor-Duncan as head of retail for Europe, Africa and the Middle East (EMEA). Hoctor-Duncan was previously the firm’s head of sales for EMEA
Hoctor-Duncan said: “At a time when yields are at historical lows, markets are volatile and confidence among investors is scarce, I am delighted to have the opportunity to help our clients answer the question ‘What should I do with my money? Whether they are searching for new sources of income, considering opportunities in alternative investments or building a more dynamic, more diverse portfolio, BlackRock is uniquely positioned to provide practical answers for our clients.”
Hoctor-Duncan will report to Rob Fairbairn, head of BlackRock’s Global Client Group (GCG) and James Charrington, chairman of the EMEA Region for BlackRock. He will continue to be based in London.
Fairbairn said: “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. Alex’s goal is to continue growing the retail business within EMEA, where we have the second largest international cross-border business as measured by assets under management.”
The position of head of the EMEA retail business has been created as the firm realigns its international retail business along regional lines. Mark McCombe, BlackRock’s chairman of Asia Pacific, will oversee the retail business in the region, while in Latin America & Iberia, Armando Senra, deputy head of the Latin America & Iberia Region, will oversee the retail business. Maarten Slendebroek, who had been responsible for international retail since 2010, is leaving BlackRock.