BlackRock has confirmed that its head of retirement planning for EMEA, Tony Stenning, is leaving the company.
In an internal memo seen by Fund Strategy, BlackRock head of EMEA retail Alex Hoctor-Duncan told staff Stenning was “planning to take a well-earned break in 2017 before deciding on the next chapter of his career”.
Stenning joined BlackRock 16 years ago.
Hoctor-Duncan said he would be assuming responsibilities for retirement planning from the end of the year.
Stenning, who joined the firm in 2000, became head of the UK retail marketing team a year later.
Hoctor-Duncan says that Stenning grew BlackRock’s share of the UK retail market from 1 per cent to 6.5 per cent between 2009 and 2015, when he became head of the asset manager’s UK retail business.
Outside BlackRock, Stenning has been chair of the investment funds committee at the Investment Association and been active within other industry bodies, such as the FCA and ABI.
He has been chair of The Savings and Investment Policy project, which campaigns for tax efficiency in the passing of pensions on to the next generation.
The group is also set to next year launch the ‘digital ID’ to help people more easily switch their investments.
Claire Finn will continue to lead BlackRock’s UK DC investments and strategic partnerships team, which currently manages £65 billion in assets.