People Moves

BlackRock's China Arm Names New General Manager

Tom Burroughes, Group Editor, 3 October 2022

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The US asset management titan entered into a JV with China Construction Bank and Singapore's Temasek last year.

BlackRock's majority-owned China asset management unit has named Hua Fan, former chief investment officer of China Merchant Bank's wealth management business, as its new general manager, an equivalent role to chief executive, Reuters has reported.

Fan is likely to start in her new role after getting regulatory approval. She will replace Bing Ji, who is stepping down two years after being appointed as general manager of the China asset management unit.

 BlackRock declined to comment further when contacted by WealthBriefingAsia about the matter.

The world's largest asset manager launched BlackRock CCB Wealth Management, a joint venture with China Construction Bank and Singapore's Temasek Holdings, in May 2021.

Ji will stay with BlackRock and relocate to Hong Kong, where he was based earlier and provided sales services to China's largest institutional investors.

In late September, BlackRock appointed Tomoko Ueda as Asia-Pacific head of corporate strategy and development, and named Aarti Angara as APAC head of product. 

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