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.