Robert Capaldi, senior client strategist for Laurence Fink, BlackRock chairman and CEO, left the firm on June 1, confirmed spokesman Brian Beades.
Mr. Beades could not provide further information on Mr. Capaldi’s departure or plans to replace him.
Separately, it was announced that Daniel Rice, who helped manage five energy and natural resource mutual funds for BlackRock, is retiring from the firm to avoid the appearance of a conflict of interest.
“BlackRock is committed to avoiding not only actual conflicts of interest, but even the appearance of a conflict,” Bobbie Collins, a spokeswoman for the firm, said Thursday in an e-mailed statement. “As we have worked through with Dan Rice how to best avoid any perception of conflict involving his family’s energy company, Dan has decided to retire from BlackRock.”
Mr. Rice had been the lead manager for the $925 million BlackRock Energy & Resources Portfolio since it was created in 1990. He’s also one of the founders of Rice Energy, a company with a subsidiary that has a joint venture with one of the mutual fund’s top holdings, Alpha Natural Resources.
Morningstar placed the rating of the fund under review earlier this month.
Denis Walsh and Dan Neumann, who already serve as lead or co-manager of the five funds, will continue to manage them, Ms. Collins said. Mr. Rice will work with BlackRock on a transition of the institutional private funds he oversees, to be completed no later than December.
Bloomberg contributed to this story.