BlackRock multi-asset chief steps down

Colin Graham, BlackRock’s co-head of global multi-asset strategies, is stepping down from his position at the firm after sixteen years of service.

BlackRock has moved to replace Graham, handing his £234m Balanced Growth and £11m Active Managed funds to Philip Brides, who will co-manage the funds alongside Andy Warwick.

Brides, a multi-asset fund manager at the group, currently co-manages the £105m Balanced Income fund, along with a number of other multi-asset mandates.

A spokesperson for BlackRock said Graham will remain at the firm and will explore other opportunities within the business.

“Philip’s appointment follows the decision of Colin Graham to step down from his position as senior portfolio manager within the multi-asset portfolio strategies team after 16 years, to pursue other career opportunities. Colin will act as an adviser to Philip and the team until the end of April 2013 to ensure an orderly transition of his responsibilities.”

Philip Green remains head of global multi-asset strategies at the firm.

The article first appeared on Investment Week.

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