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BlackRock's head of global FoFs leaves

John Gellatly is quitting BlackRock for the UK insurer Aviva where he will be in charge of the firm’s multi–manager business in Europe.

John Gellatly, the head of global real estate fund of funds at BlackRock in London, is leaving to join Aviva Investors, part of the UK insurer.

Prior to BlackRock, Gellatly was at Merrill Lynch Investment Management, which BlackRock took over in 2006. At BlackRock, he was responsible for the firm’s global real estate funds of funds and was fund manager for the UK property fund of funds.

He joins Aviva Investors to head up its European multi manager business, according to a statement. 

The insurance firm has been beefing up its staffing levels. In February, Alistair Dyer joined its global real estate fund of funds business from ING Real Estate.

BlackRock’s real estate director Matthew Ryan left the firm last year to join Germany’s Allianz Real Estate as group head of fund selection in Europe.