Nasdaq poached the executive on Monday as its first Asia-based exchange-traded products head, as part of an effort to take advantage of more passive investing in the region.
BlackRock's exchange-traded funds arm will list six international equity products next week, but does not intend to launch leveraged and inverse ETFs in Hong Kong or elsewhere.
Sponsors in Asia will have to come up with more innovative ways to exit investments if they want to attract investors' capital to the region, industry players agree.