BlackRock has appointed Alex Hoctor-Duncan as Head of Retail for Europe, Africa and the Middle East (EMEA), with immediate effect.
Hoctor-Duncan most recently served as the firm’s Head of Sales for EMEA and will report to Rob Fairbairn, Head of BlackRock’s Global Client Group (GCG) and James Charrington, Chairman of the EMEA Region for BlackRock. He will also join BlackRock’s EMEA and GCG executive committees, and will continue to be based in London.
“Since joining BlackRock in 1997, Alex has held a wide variety of roles within retail, giving him a deep knowledge of how best to serve our clients,” says Fairbairn. “Alex’s goal is to continue growing the retail business within EMEA, where we have the second largest international cross-border business as measured by assets under management.”
“At a time when yields are at historical lows, markets are volatile and confidence among investors is scarce, I am delighted to have the opportunity to help our clients answer the question ‘What should I do with my money?’,” says Hoctor-Duncan. “Whether they are searching for new sources of income, considering opportunities in alternative investments or building a more dynamic, more diverse portfolio, BlackRock is uniquely positioned to provide practical answers for our clients.”
Hoctor-Duncan’s role as head of the EMEA retail business is a new position created as the firm realigns its international retail business along regional lines. Maarten Slendebroek, who had been responsible for international retail since 2010, is leaving BlackRock after assisting with the transition of roles until the end of April. In Asia Pacific, Mark McCombe, BlackRock’s Chairman of Asia Pacific, will oversee the retail business in that region. Similarily, in Latin America & Iberia, Armando Senra, Deputy Head of the Latin America & Iberia Region, will oversee the retail business in that region.
Prior to being appointed to his previous role as Head of Retail Sales for EMEA in 2009, Mr. Hoctor-Duncan had been the Head of UK Retail since 2007 and Head of UK Retail Sales since 2005. Prior to that, he had worked within GCG with responsibility for developing and maintaining relationships with retail investors.