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.

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