BlackRock’s cash fund manager exits

BlackRock’s £700m Cash fund manager Stuart Niman is to leave the firm “to pursue new interests”.

Bea Rodriguez has taken over the fund with immediate effect, along with the offshore BGF Euro Reserve fund.

A spokesperson for BlackRock said: “Stuart Niman recently informed us of his desire to shift his attention from the market to pursue new interests outside the firm.

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“We are grateful for his contributions to the global cash business and wish him the best of luck in his future endeavours.”