Chris Leavy, the former chief investment officer of equities at OppenheimerFunds, has been tapped as CIO of U.S. fundamental equity for BlackRock. The position is a new one for BlackRock.

In his new role, Leavy will oversee BlackRock’s $150 billion U.S.-based fundamental equity business. He will report to Quintin Price, head of and global chief investment officer for fundamental equity at BlackRock. In a statement Price praised Leavy’s work as a portfolio manager for his past leadership of “one of our industry’s leading equity businesses.”

While at OppenheimerFunds, Leavy directed investment personnel and business strategy for the firm’s $80 billion equity business. He also served as Head of the Value Equity Group from 2000 to 2006. Before that, he managed the Value Equity Group’s flagship Value Fund, achieving top quintile performance within the large cap peer group.

Before joining OppenheimerFunds, Leavy led a four person investment team at Morgan Stanley Asset Management with responsibility for large cap core equity portfolios totaling $6 billion.