A PM is leaving a Boston-area mutual fund shop and its $233.3-million-AUM pair of stock funds.

David Smith Rockland Trust Chief Investment Officer, Senior Portfolio Manager

Bright Rock Capital Management confirms in a filing with the SEC that, effective March 11, Jason Lilly "has resigned" from the company. Lilly had been on the PM team for Hanover, Massachusetts-based Bright Rock's [profile] two mutual funds: the two-star, $47-million Bright Rock Mid Cap Growth Fund; and the five-star, $186.3-million Bright Rock Quality Large Cap Fund.

David Smith, managing director and chief investment officer at Bright Rock parent Rockland Trust, and Doug Butler, vice president and director of research, will continue to PM the two funds. Smith confirms that a team of other people also supports the two funds.

"We have plenty of folks internally," Smith tells MFWire.

As for naming a successor to Lilly, Smith confirms that he is "evaluating the direction" to take regarding Lilly's old PM duties.

Lilly is an alumnus of Arizona State University and UMass Amherst. He joined Rockland almost 11 years ago after working with Vanguard as a financial planner and high net worth client rep.

Rockland launched the two Bright Rock mutual funds in 2010. Lilly has been a PM on the large cap fund since inception and on the mid cap fund since 2012. 

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