US investment management powerhouse BlackRock announced yesterday that Al Denholm has joined its multi-asset class solutions team in the newly-created role of managing director and regional head of BMACS’ business in Europe, Middle East and Africa.

Denholm will work with Michael Huebsch, managing director and global head of BMACS, to run oversight of the group’s four main functions: client strategy, solutions portfolio management, active asset allocation and research, and business management.

He also takes direct responsibility for the active asset allocation and research team and will serve on the BMACS management committee.

Denholm previously worked at ING Investment Management, where he was a member of the four-person leadership team responsible for overseeing its investment management activities in more than 20 countries. Prior to joining ING in 2005, Denholm was deputy chief investment officer of Insight Investment in London.