The new group will give the firm a greater presence in the mid- and small-cap equity sectors and will help further develop BlackRocks 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 and the new team are part of BlackRocks efforts to build "a premier equity capability," said Laurence Fink, the firms CEO.
Archambo will replace Christian Stadlinger, who is currently the head portfolio manager for BlackRocks 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 OConnor, a healthcare and the basic materials analyst from
BlackRock had approximately $226 billion in assets under management as of Sept. 30, 2001.