BlackRock's Prentis to retire as Arnold steps up

New chairman for small-cap trust

BlackRock's Mike Prentis, manager of the Smaller Companies trust (BRSC), is to retire after 14 years with the firm.

Roland Arnold, who was appointed co-manager of BRSC in April 2018, will assume full control of the trust following Prentis' departure. Arnold has worked closely with Prentis on BRSC for a number of years and will continue to be supported by the UK small and mid-cap team, led by Dan Whitestone.  Arnold has also been co-manager of the BlackRock UK Special Situations fund since August 2012 and sole manager of the Blackrock UK Smaller Companies fund since March 2015. He joined the firm in 2000 and has been managing small and mid cap UK equity portfolios since 2006.  BlackRock's Fink: W...