The world’s largest asset manager has added two high-flying executives to its Asia team. The timing is sensitive, as the firm and the market await the SEC’s approval of BlackRock’s spot Bitcoin ETF.
On Monday, news broke of two high-profile appointments to lead BlackRock’s Greater China and Singapore wealth teams, respectively.
BlackRock Refreshing Its Asia Line-Up
Dennis Quah will take on the role of Singapore Wealth head. He will concentrate on establishing partnerships with insurers, consumer banks, and private banks while collaborating with specialists to build client portfolios. Quah comes to BlackRock with twenty years of experience in Asian asset management, distribution, and product development.
Mandy Lui will join BlackRock in the middle of August as head of Greater China Wealth. Lui will lead the department from a base in Hong Kong.
The firm, which has approximately $8.59 trillion dollars in assets in management as of December 31, 2022, is headquartered in New York. But the financial powerhouse’s global growth is relentless. It currently has 78 offices in 36 countries, with a prominent presence in all of the world’s leading cities.
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But even an asset manager this ambitious faces significant turnover. The change to BlackRock’s Asia-Pacific team comes after Nicholas Chiu left the asset manager earlier this year.
Chui was the co-manager of the BlackRock GF
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Author: Josh Adams
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