BlackRock's Major Leadership Shakeup: Asset Management Giant Appoints New APAC Head and Key Regional Leaders
BlackRock, the world's largest asset management firm, has reportedly undergone a significant leadership reshuffle in its Asia-Pacific (APAC) division.
The firm has announced Susan Chan as the new head of the APAC region. She takes over from Rachel Lord, who will be moving to London to assume the position of BlackRock’s head of International, reported WealthBriefingAsia.
Chan, who has been with BlackRock for over a decade and brings more than 30 years of experience in financial services and asset management, will be based in Hong Kong. In her new role, she will lead the APAC region, managing the business, client, investment, and operational platforms. Her focus will be on a range of offerings including active and index investments, ETFs, alternatives, and technology solutions catered to both wealth and institutional investors.
During her tenure at BlackRock, Chan has held various significant roles, including leading the exchange-traded fund and index investing business and managing the trading, liquidity, and securities lending team. Additionally, she has played a pivotal role in overseeing the sustainable and transition investing group and expanding BlackRock’s onshore business in mainland China.
Alongside Chan's appointment, BlackRock has also named Andrew Landman and Hiroyuki Shimizu as deputy heads of the APAC region. Landman, currently the head of Australasia, will extend his responsibilities to include Southeast Asia and the APAC wealth business. Shimizu, meanwhile, will maintain his leadership over BlackRock’s APAC institutional business and will also oversee operations in Taiwan, alongside his existing responsibilities in Japan and South Korea. Furthermore, James Raby, the current APAC head of wealth, will be taking on the role of chief operating officer for APAC, and Hua Fan has been appointed as the head of China.
Recommended news