BlackRock multi-asset chief steps down

Colin Graham, BlackRock's co-head of global multi-asset strategies, is stepping down from his position at the firm after sixteen years of service.

BlackRock has moved to replace Graham, handing his £234m Balanced Growth and £11m Active Managed funds to Philip Brides, who will co-manage the funds alongside Andy Warwick. Brides, a multi-asset fund manager at the group, currently co-manages the £105m Balanced Income fund, along with a number of other multi-asset mandates. A spokesperson for BlackRock said Graham is considering his options, but will remain at the firm until the end of April. "Philip's appointment follows the decision of Colin Graham to step down from his position as senior portfolio manager within the multi-asse...