BlackRock announced that Chief Equity Strategist Bob Doll is retiring after 34 years in the industry.
Doll said he feels the time is right to shift priorities, focusing more of his time on family, faith and philanthropic interests.
Doll's service with BlackRockdates back to 1999 when he worked for Merrill Lynch Investment Managers, which merged with BlackRock in 2006.
Chris Leavy, currently the chief investment officer of Fundamental Equities (Americas), will manage BlackRock’s Large Cap Series portfolios along with Peter Stournaras, who has co-managed the series since 2010.
Doll will be working with Leavy and Stournaras through the end of June and will serve as an advisor to the company through the end of 2012 to ease the transition.
An earlier version of this story said Doll worked for BlackRock for 34 years. In fact, he has worked in the industry for 34 years and worked with BlackRock for six years, 13 if you count the time at Merrill Lynch Investment Managers, which merged with BlackRock in 2006.