BlackRock Establishes New Office

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 today. 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 Boston Partners, 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 and the new team are part of BlackRock’s efforts to build "a premier equity capability," said Laurence Fink, the firm’s CEO.

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 REITs analyst from Delphi Management.

BlackRock had approximately $226 billion in assets under management as of Sept. 30, 2001.

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