BlackRock Announces Portfolio Manager Changes to BlackRock Utility and Infrastructure Trust

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BlackRock Advisors has announced changes to the portfolio management team of BlackRock Utility and Infrastructure Trust.

In connection with these changes, BlackRock Advisors, LLC also announced that BlackRock International Limited would not be appointed as an investment sub-advisor for BUI, as was disclosed on February 26, 2013.

Christopher M. Accettella, Director, is a member of the Fundamental Equity platform. He is a trader responsible for executing equity derivatives and options trades.

Prior to joining BlackRock in 2005, Accettella was an institutional sales trader with American Technology Research. From 2001 to 2003, he was with Deutsche Asset Management where he was responsible for derivatives and program trading. Prior to that, he was a senior associate in the Pacific Basin Equity Group at Scudder Investments Singapore Limited. Accettella began his investment career in 1997 as a portfolio analyst in the European Equity group of Scudder Kemper Investments, Inc.

Accettella earned a BA degree in economics and Asian studies from Colgate University in 1997.

Kathleen Anderson, Managing Director, is a member of the Fundamental Equity division of BlackRock's Alpha Strategies Group. She is the lead portfolio manager for BlackRock Utilities and Telecommunications Fund and a portfolio manager for the BlackRock Equity Dividend Fund.

Ms. Anderson's service with the firm dates back to 1993, including her years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. Prior to joining MLIM, Ms. Anderson served as a research associate at Chancellor Capital Management (formerly Citigroup Investment Management) from 1983 until 1993. At Chancellor Capital Management, Ms. Anderson was a research associate for entertainment and media and an analyst on a real estate fund. Previously, she assumed coverage as the analyst for the utilities and telecommunications sectors.

Ms. Anderson earned a BA degree in economics and finance from Baruch College in 1980.

Kyle G. McClements, CFA, Managing Director, is a member of the Fundamental Equity platform. He is a senior trader responsible for executing equity derivatives and options trades.

McClements' service with the firm dates back to 2004, including his years with State Street Research & Management (SSRM), which merged with BlackRock in 2005. At SSRM, McClements was a Vice President and senior derivatives strategist responsible for equity derivative strategy and trading in the Quantitative Equity Group at State Street Research. Prior to joining State Street Research in 2004, McClements was a senior trader/analyst at Deutsche Asset Management, responsible for derivatives, equity program, technology and energy sector, and foreign exchange trading. McClements began his career in 1994 as a derivatives analyst with Donaldson Lufkin & Jenrette responsible for pricing and performance analytics for the derivatives trading desk.

McClements earned a BA degree in economics and political science from the University of Pennsylvania in 1993 and an MBA degree in finance and corporate accounting from the University of Rochester in 1998.

Robert Shearer, CFA, Managing Director, is a member of the Fundamental Equity division of BlackRock's Alpha Strategies Group. He is the lead portfolio manager for the Equity Dividend Fund and the BlackRock Natural Resources Fund.

Shearer's service with the firm dates back to 1997, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. At MLIM, he managed the Merrill Lynch World Natural Resources Portfolio. Prior to joining MLIM, Shearer was a vice president with David L. Babson & Company, Inc., at Concert Capital Management, Inc. as a Vice President and Sector Manager and at Fiduciary Trust Company International as a Vice President.

Shearer earned a BS degree in economics at the University of Wisconsin in 1978, an MA degree in international management at Thunderbird, School of Global Management in 1982, and an MBA degree from the University of Wisconsin in 1985.

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