Recent moves by the two fund houses show they are keeping faith with the asset class, despite disappointing private investment inflows.
This further underlines the US fund house’s commitment to its Chinese business, coming on top of its two batches of QFII quota.
Ryan Stork will transfer to Hong Kong, following the promotion of Mark McCombe to a new global role. McCombe spoke to AsianInvestor about the Asian business and his new post.
Ryan Stork will transfer to Hong Kong, following the promotion of Mark McCombe to global head of institutional client business and chairman of BlackRock Alternative Investors.
The US asset manager saw Ning Jing leave last month, while Asia chairman Mark McCombe will stay put despite an approach by RBS.
The deal represents the US fund house's first foray into the Asia-Pacific private real estate market.
Credit Suisse's Harvey handed new role, Hong Kong unveils new council, Eastspring appoints Japan CEO, SLI transfers staff to Hong Kong and Pioneer poaches Axa's Bailie.
BlackRock’s Asia-Pacific chief, Mark McCombe, describes the appointment of former Goldman veteran Wang Hsueh-ming as critical to drive its China strategy.
The firm’s Asia-Pacific chairman, Mark McCombe, is taking over the regional role from Peter Swarbreck, who is set to retire at the end of this year.
The firm is moving from dividing client-facing teams by product to creating a new retail team covering iShares, mutual funds and alternative products.
It appoints Philipp Hildebrand, who quit as Swiss National Bank chief over a trading scandal, as vice-chairman to oversee asset owners in Asia and Emea.
The US-based asset manager has appointed HSBC’s Hong Kong CEO Mark McCombe as Asia-Pacific chairman to replace Rohit Bhagat, who will spend more time with his family.