Brian Weinstein, managing director and head of the multisector institutional business within fixed income at BlackRock, will leave the firm at the end of June, confirmed spokesman Brian Beades in an e-mail.
Mr. Weinstein plans “to take time off to spend with his family and reassess his career goals,” according to Mr. Beades.
Most of Mr. Weinstein's responsibilities will be assumed by members of the fixed-income team.
Mr. Weinstein will move his core and core-plus portfolios to Akiva Dickstein, managing director, senior portfolio manager and BlackRock's current head of the mortgage portfolio management team.
Mr. Weinstein has been with BlackRock for 13 years.
Separately, Simon Pardoe was appointed director and head of defined contribution proposition in the U.K. at BlackRock, confirmed a spokesman.
Mr. Pardoe replaces Paul Bucksey, who was promoted to director and head of BlackRock's U.K. DC business following the departure last month of Neil Purvis, the spokesman said.
Mr. Pardoe will continue to develop BlackRock's bundled and investment-only U.K. workplace defined contribution services.
“We have ambitious plans to grow our reach with employee pension schemes, and (Mr. Pardoe) will play a crucial role in enhancing our U.K. DC client and member propositions,” Mr. Bucksey said in a news release.
Mr. Pardoe was head of strategy for workplace savings, proposition and market development at Legal & General and was responsible for the company's workplace savings strategy, proposition and market development. A spokesman for L&G confirmed Mr. Pardoe's departure, but was unable to comment on a replacement by press time.
