Sign In with Google
Sign In with Facebook
BlackRock Executes Key Leadership Changes
BlackRock, recognized as the world's preeminent asset manager, has revealed that the role of Asia Pacific head will now be executed by Susan Chan, the current deputy head of the region, confirming this on Friday. Chan will be succeeding Rachel Lord, who has been in the top position for the region since the previous year.
BlackRock's Shakeup in China Leadership
Simultaneously, the announcement also detailed the reshuffling in BlackRock's China operation. This confirmed an earlier report by Reuters that Hua Fan will assume the role of head of China. This comes six months after the departure of experienced fund manager Tony Tang, who left to become the leader of Citadel Securities in the nation.
Jim Zhang will take over the reins from Hua to oversee BlackRock's wealth management collaboration with China Construction Bank (CCB) and Temasek, which is primarily owned by BlackRock. At present, Zhang operates as the primary liasion for CCB, along with heading BlackRock's business management and outbound investment divisions within China.
Additionally, BlackRock pronounced that Mark Finnie will be the new Chief Operating Officer for China, taking over from Molly Rosenman. Rosenman is set for a return to the U.S where she will assume a new position.
About the New Asia Pacific Lead
Chan, a seasoned professional in passive investment, embarked on her journey with BlackRock in July 2013. She was appointed as the head of iShares capital markets and Products Asia Pacific and later took up the role of head of exchange traded funds and index investing APAC until October 2021. She is also currently on BlackRock's Global Executive Committee.
