BlackRock promotes Bothwell as Tovey leaves European equity team after 23 years

David Tovey will depart on 2 April

BlackRock will see a number of changes within its fundamental European equities team over the next two months, as David Tovey will leave the firm on 2 April.

Tovey, a 23-year BlackRock veteran, will take a break from the industry to think about his next challenge, the firm said. The manager has been part of BlackRock's European equity team since 2013. As a result of the departure, BlackRock said it would make "several appointments a realign certain portfolio management responsibilities" within its fundamental European equities team. "These moves reflect our commitment to developing investment talent as well as realising the best performance for clients and assuring consistency in investment strategy," a spokesperson told Investment Week. ...