UBS US manager joins BlackRock

Former UBS fund manager Lawrence Kemp has joined BlackRock to head the asset manager’s fundamental large cap growth team.

The fund manager’s departure from UBS Global Asset Management, after more than two decades, was reported earlier this month.

Kemp is set to join BlackRock on 10 December and is expected to assume leadership of the BlackRock Capital Appreciation, BlackRock Focus Growth and related Fundamental Large Cap Growth portfolios on 1 January 2013.

A spokesperson says: “Jeff Lindsey, current head of the team and portfolio manager for the funds will work with Lawrence on transitioning the portfolios.

“Jeff Lindsey announced his decision to leave BlackRock, which will be effective on 28 February 2013.”