Bob Shearer to retire from BlackRock in August

Co-manager Tony DeSpirito to take over North American Income trust

Tom Eckett
Bob Shearer to retire from BlackRock in August

Bob Shearer, co-manager of the BlackRock North American Income trust, has announced his plans to retire from the company at the end of August 2017.

Shearer's service with BlackRock dates back to 1997, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. He was also co-lead portfolio manager for the Equity Dividend fund and the BlackRock Natural Resources fund. How Brexit and Trump have impacted investment trust positioning going into 2017 Back at t MLIM, he managed the Merrill Lynch World Natural Resources portfolio. Prior to joining MLIM, he was a vice president with David L. Babson & Company, a vice president and sector manager at Concert Capital Management, and a vice presiden...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on People moves

Chris Santer has over 25 years’ experience across commercial, residential and impact real estate investing

Schroders Capital hires new fund manager to lead real estate impact strategies

Chris Santer joins

clock 22 June 2022 • 1 min read
Desiree Fixler joins the board of VentureESG 14 months after dismissal from DWS.

DWS whistleblower Desiree Fixler joins board of ESG investment non-profit

Dismissed in April 2021

clock 21 June 2022 • 1 min read
The trio will move into newly-created positions at CCLA IM, following the launch of its first fund for individual investors last week.

CCLA IM taps Jupiter and Majedie with triple hire

Former Woodford relationship manager to join

clock 21 June 2022 • 1 min read