Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

BlackRock European equity manager Vincent Devlin to step down

BlackRock European equity manager Vincent Devlin to step down

BlackRock star fund manager Vincent Devlin is to step down from portfolio management duties in the firm’s European equity team.

Wealth Manager understands that although Devlin is stepping down  he may take a different position within BlackRock.

Devlin (pictured) will also step down from his role as co-manager on BlackRock’s £310 million Greater Europe Investment Trust.

Devlin joined BlackRock in 2008 from Scottish Widows, and is currently sole manager on the firm’s £530 million Continental European fund and co-manager on the European Absolute Alpha fund.

In the three years to May 2017, the Continental European fund has returned 37.4% compared to the sector average of 38.3%, while the European Absolute Alpha fund has returned 4.9% compared to the average of 11%.

In a statement, BlackRock said that Stefan Gries, a senior director within its European Active Equity team, has been appointed co-portfolio manager of the trust alongside Citywire AA-rated Sam Vecht, who retains principal responsibility for the company’s emerging European portfolio.

Gries joined BlackRock’s European equity team in 2008, after previous roles at Scottish Widows, Aberdeen and Deutsche Bank.

Wealth Manager also understands Gries will take over management duties on the Continental European fund alongside European equity analyst Giles Rothbarth.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play French fund CEOs: 'Brexit is a lose-lose situation for all of us'

French fund CEOs: 'Brexit is a lose-lose situation for all of us'

'We'll all lose out - but London is an international city, Paris is not.' Leading French asset management CEOs tell us what they think Brexit will mean for the investment business.

Play Henderson Eurotrust's Stevenson: dealing with European cynicism

Henderson Eurotrust's Stevenson: dealing with European cynicism

Tim Stevenson talks about where he finds his opportunities in the current environment in Europe

Play Mark Barnett - part 2: why I'm not buying Lloyds

Mark Barnett - part 2: why I'm not buying Lloyds

In the second part of our exclusive video interview, Barnett explains why he has no intention of buying Lloyds, and where he sees the greatest income opportunities.

Read More
Wealth Manager on Twitter