BlackRock

BlackRock has poached seven emerging market debt managers from BNP Paribas Investment Partners.

BlackRock has called on the European markets authority to improve the way exchange-traded products are labelled, including identifying synthetics, and increase transparency over conflicts of interest.

BlackRock has promoted Alex Hoctor-Duncan to the newly created role of head of retail for Europe, Africa and the Middle East (EMEA), while Maarten Slendebroek, responsible for international retail, is leaving next month after 18 years with the group

BlackRock has broken its silence over the proposed merger of commodities giant Glencore and miner Xstrata, saying it will back the deal.

FRONTIER MARKETS

WEALTH MANAGERS

Jemma Jackson of the Association of Investment Companies (AIC) looks at the rise of the specialist sectors and explains why closed-ended structures lend themselves to the space.

US

Daniel Tubbs, manager of the $1.1bn BGF Emerging Markets fund, has left the group to pursue other opportunities.

The board of the £40m British Portfolio trust has stripped RCM of its role as manager of the trust, following a period of poor performance.