In an earlier story, we incorrectly stated that Tom Caddick and Toby Vaughan had resigned from Santander Asset Management to join BlackRock.
In fact, Caddick and Vaughan have invested in BlackRock’s European Dynamic fund - which is run by Alister Hibbert - through Santander Asset Management’s multi-manager products.
The size of the investment has not yet been announced by Santander, only that an initial position has been taken.
We are happy to make this clarification.