BlackRock, Inc., the advisor to the BlackRock Funds, is opening an office in Boston that will house a new seven-member small- and mid-cap equity team, the company announced last week. That team is made up of several executives formerly with Boston Partners Asset Management and will be headed by Wayne Archambo, a former partner with that firm, the company said.

The new group will give the firm a greater presence in the mid- and small-cap equity sectors and will help further develop BlackRock's existing small-and-mid-cap equity offerings. Those offerings include the BlackRock Mid Cap Value Fund and the Small Cap Value Fund as well as mid- and small-cap separately managed accounts, a company spokesman said.

While a partner with Boston Partners, Archambo managed an estimated $3 billion in institutional assets including public and private pension plans, foundations and endowments.

Archambo will replace Christian Stadlinger, who is currently the head portfolio manager for BlackRock's mid- and small-cap value funds. Stadlinger will no longer work as a manager with BlackRock and his future role with the firm has not been determined, the spokesman said.

The other executives who left Boston Partners to join BlackRock include; William Moore, a small- and mid-cap equity trader; Bethany Angeles, a quantitative analyst, and Oona Elliott, a consumer products analyst.

Other members of the new team include: Kate O'Connor, a healthcare and the basic materials analyst from Independence Investment LLC; Todd Rosner, a capital goods and industrial products analyst from DG Capital Management, and Samuel Kidston, an energy, financial services and REIT analyst from Delphi Management.

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