Investments

BlackRock names Guilherme Lima as Head of Wealth for APAC

Appointment signals BlackRock’s intent to lead Asia’s fast-growing wealth segment.

Working alongside wealth managers, private banks and family offices, Lima will develop strategies that draw from the full spectrum of BlackRock’s offerings to address the needs of wealth clients throughout APAC. He will be based in Hong Kong.

The wealth industry in Asia is facing opportunities and challenges posed by demographic and regulatory changes, as well as growth in individual retirement planning and digitalisation. Wealth clients want access to global investment capabilities and thought leadership, as well as local market insights and a variety of wealth solutions as they search for efficiency and better outcomes under dynamic market conditions.

 

BlackRock’s Chair and Head of Asia Pacific, Rachel Lord, said: “Asia’s wealth market is on the cusp of remarkable expansion and transformation. The appointment of a Head of Wealth is an important step in the way we serve our clients in this space. Guil’s decades of experience across global platforms bring together the best market and wealth management practices to the benefit of clients and will help us achieve our growth ambitions in APAC.”

 

Lima said: “I am excited to be joining BlackRock, a firm I have known and respected for years. APAC remains one of the fastest-growing regions in terms of wealth, so I look forward to partnering with my colleagues to equip our Wealth clients in Asia with truly world-class whole portfolio solutions.”

Lima joins BlackRock from Westpac, where he led Private Banking, Commercial Banking and SME Banking as CEO of the Business Division from 2019. He previously spent more than a decade with HSBC, for which he played a variety of Hong Kong-based leadership roles in Wealth, Premier Banking and Strategy. Further afield, he was Regional Head of Retail Banking and Wealth Management for HSBC Latin America in Sao Paulo, and Chief of Staff to the Group CEO in London. Before HSBC, he was a Partner at McKinsey in New York and Sao Paulo.