(Bloomberg) -- BlackRock Inc. hired JPMorgan Chase & Co.’s Christopher Jones as chief investment officer for stocks in the Americas as the world’s biggest money manager seeks to bolster its active equity business.

Jones, who was CIO for JPMorgan Asset Management’s growth and small-cap U.S. equity team, will join New York-based BlackRock in a few months as head of the active stock unit in the Americas, according to an internal memo provided by BlackRock and sent today to the firm’s employees. Jones, 53, replaces Chris Leavy, who went on medical leave in June of last year. He will also serve as global co-head of fundamental equity, alongside Nigel Bolton, head of BlackRock’s European equity team.

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