BlackRock fund management chair Stenning to depart

Tony Stenning, chief executive of BlackRock Fund Managers in the UK and a retirement business leader at the firm, is to leave BlackRock after 16 years.

An internal memo to staff and seen by Funds Europe, says Alex Hoctor-Duncan, head of retail business in Europe, Middle East and Africa (Emea), will fill the role.

Stenning, who is also BlackRock’s head of retirement for Emea, is to resign from his post at the end of the year and take a “well-deserved” break in 2017 before deciding his next steps, said Hoctor-Duncan in the memo.

Stenning’s team manages £65 billion (€76.6 billion) in UK defined contribution assets.

He joined BlackRock’s product management group in 2000, becoming head of UK retail marketing the next year. In 2009, he became head of UK retail business at the firm, a role he held until 2015. Under his leadership, BlackRock’s share of the UK retail market climbed from 1% to 6.5%, according to the firm.

Stenning has represented BlackRock to a number of industry and regulatory bodies, including the Financial Conduct Authority, Association of British Insurers and Investment Association. He also served as chair of The Savings and Investment Policy project, a coalition of financial services firms formed to simplify savings and investments for UK consumers.

©2016 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

Innovative US companies are providing some of the solutions to the climate crisis and transition to a more sustainable economy. We see potential opportunities in areas including renewable energy and…
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

IRELAND SPOTLIGHT

Visit our dedicated Ireland channel for all the latest news and analysis on the country's investment industry.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST