US - BlackRock has appointed Chris Leavy as chief investment officer (CIO) of US fundamental equity.
In the new role, Leavy will oversee the firm's $150bn fundamental equity business in the US. The position was created as part of Blackrock's integration with Barclays Global Investors in 2010. Leavy will report to global chief investment officer for fundamental equity, Quintin Price.
Leavy joins from OppenheimerFunds, where he was CIO of the company's $80bn equity business. Previously, he managed the value equity group's flagship Value fund and achieved top quintile performance within the large cap peer group.
Prior to this he was responsible for large cap core equity portfolios at Morgan Stanley Asset Management.
Price said: "Chris Leavy is a strong and seasoned investment professional who has distinguished himself both as a portfolio manager and by his direction of one of our industry's leading equity businesses.
"Chris' investment insight and track record, combined with his management experience, will be invaluable to BlackRock as we seek to enhance our fundamental equity business and continue to deliver the best of BlackRock to our clients."
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