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Monovski departs BlackRock emerging market team
Markets
by Dylan Lobo on Jun 01, 2009 at 13:10
BlackRock's emerging markets team has experienced another casualty through the loss of Plamen Monovski.
Monovski had been involved in the management of the BlackRock Emerging Markets fund since May 2005.
Responsibility on the fund will now be divided between Sam Vecht, Dhiren Shah and Daniel Tubbs. The trio, which also run the Luxembourg-domiciled $445 million BGF Emerging Markets Fund fund, were placed in charge after Alain Bourrier left the firm last month after a 11-year stint and Will Landers' duties were repostioned to allow him to focus on his Latin American mandates (see article here).
Meanwhile, Vecht will be lead manager on the €1.14 billion BGF Emerging Europe fund, which he co-managed with Monovski. He will be assisted by Karol Chrystowski, David Reid, Gordon Fraser and Emily Clarke.
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