BlackRock's lead Latin America equity manager, Will Landers, is to leave the firm after 17 years, along with two analysts, São Paulo-based Andrea Cardia and Andrea Weinberg.
All three are to leave the firm in March to pursue other opportunities, a BlackRock spokeswoman confirmed.
BlackRock has appointed Ed Kuczma as lead manager on all the Latin American equity funds previously run by Landers. This includes two Ucits vehicles, the $13.3 billion (10.6 billion) BSF Latin American Opportunities and $1.2 billion BGF Latin American.
Landers (pictured below) joined BlackRock in 2002 as an analyst and was appointed lead manager on the Latin American fund two years later.
New LatAm leadership
An internal memo sent to BlackRock employees, and seen by Citywire, said: ‘This transition represents an opportunity to recognize and elevate the strong talent on the team. Ed Kuczma, who has over 15 years of investment experience in Latin American equities, will take on portfolio management responsibility for the Latin America strategy, including all retail and institutional portfolios, with immediate effect.’
Kuczma is a Latin American specialist who joined BlackRock in 2015 as a senior research analyst from Morgan Stanley Investment Management.