BlackRock's Richard Plackett is to be joined by Roland Arnold as a co-manager on the £1.4bn UK Special Situations fund.
Arnold joined BlackRock 12 years ago and has assisted Plackett (pictured) on the fund for the past two years. His new role as co-manager will take effect from 1 August. BlackRock said Roland's appointment is a formal recognition of the "strong conviction" the group has in him as an investor. Plackett, who assumed management of the fund in 2004, when assets under management were £100m, will continue to have a lead role in the management of the fund, retaining ultimate discretion over the portfolio. "Having worked closely with Roland for 10 years he was the natural choice to join me ...
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