Chris Leavy, the former chief investment officer of equities at OppenheimerFunds, has been tapped as CIO of U.S. fundamental equity for BlackRock. The position is a new one for BlackRock.

In his new role, Leavy will oversee BlackRock’s $150 billion U.S.-based fundamental equity business. He will report to Quintin Price, head of and global chief investment officer for fundamental equity at BlackRock. In a statement Price praised Leavy’s work as a portfolio manager for his past leadership of “one of our industry’s leading equity businesses.”

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