Tong Tang

BlackRock has announced the appointment of Tony Tang as Head of China, effective July 2019.

In his role, Mr Tang will oversee development and execution of the firm’s long-term business strategy in China. He will work closely with colleagues, clients, partners, and regulators alike while representing the firm’s China capabilities to BlackRock’s global client base.

Commenting on the appointment, Laurence D. Fink, Chairman and CEO of BlackRock, said, “China is a strategic priority for us and we remain very engaged in pursuing our long-term strategy in this key market. The appointment of Tony Tang underscores our commitment to leverage BlackRock’s experience and expertise to be part of a solution in China’s asset management industry.”

Mr Tang will report directly to Geraldine Buckingham, Chair and Head of Asia Pacific. He will also join the firm’s Asia Pacific Executive Committee. “Tony brings a truly unique combination of public service and financial sector experience that will prove invaluable as we serve our international and local clients,” said Ms Buckingham. “Through his deep regulatory expertise and significant commercial experience, he has a strong command of China’s evolving business and regulatory landscape.”

Mr Tang was most recently CEO of the international business of GF Securities. Prior to that, he served as CEO of China Asset Management Company, where he pioneered a number of partnerships with international counterparts to effectively localise business strategies.

With his deep and extensive regulatory and industry association experience in China, Mr Tang has been involved in managing cooperation with international securities regulators and driving several regulatory initiatives aimed at opening China’s financial market. He has also served on a number of international regulatory and advisory committees. He will provide valuable insights into the technical dimensions of building an onshore Chinese presence as well as the broader dynamics that shape policy development and business strategy.

“China’s commitment to further opening the asset management industry, coupled with growing demand from both domestic and international investors, present a tremendous opportunity,” said Mr Tang. “BlackRock’s diverse investment platform, as well as its capabilities in technology and portfolio construction, are well positioned to serve an important investor base.”

The post BlackRock appoints Tony Tang Head of China appeared first on AdviserVoice.

Andrew Landman

BlackRock has appointed Andrew Landman Head of Australasia. He succeeds Dominik Rohé, who takes over as Head of the Latin America region.

Mr Landman takes up his new post in June, while continuing to play his existing role as Head of Asia Pacific Client Business. He will return to Sydney from Hong Kong once his client business responsibilities have been transitioned to a successor. Mr Landman will continue reporting to Geraldine Buckingham, BlackRock’s Chair and Head of Asia Pacific.

Ms Buckingham said: “Dominik has led the business successfully through industry and market transformation over the last three years. He has worked closely with his leadership team to strengthen the local team and broaden relationships with key clients, who have been served with more diverse and technology-led solutions.”

She added: “Andrew’s in-depth local and regional experience, as well as his global connectivity with clients and partners, will help position BlackRock to continue growing its business, while helping clients navigate an increasingly more complex world. I look forward to working with Andrew to bring about even greater client engagement and serve them with a differentiated investment experience.”

Mr Landman said: “I am delighted to be returning to Australia, capitalising on my regional experience and partnering with colleagues to advise investors and institutions on holistic investment strategies, as they address new market realities.”

He has served BlackRock for the last six years, first leading the alternatives distribution business in Sydney, before moving to Hong Kong to lead distribution efforts throughout Asia Pacific. Prior to joining BlackRock in Australia in 2012, Mr Landman played leadership, client and financial roles. These included the post of CEO at Ascalon Capital Managers, a subsidiary of BT Financial Group, plus roles with BT Financial Group, Challenger Funds Management and Bankers Trust.

The post BlackRock appoints Andrew Landman Head of Australasia appeared first on AdviserVoice.

Both appointments take effect February 2019 and Ms. Buckingham will relocate to Hong Kong from New York.

Laurence D. Fink, BlackRock’s Chairman and CEO, said: “Asia-Pacific is one of BlackRock’s most critical priorities. Consistent with our approach around the world, we aim to have a truly local presence in Asia so we can respond to the unique needs, objectives, and cultures of our clients in each market.

Ryan and Geraldine have been two key architects of our strategy in the region. For nearly five years now, Ryan has helped deepen our presence in the region by leveraging our global capabilities while tailoring them to local needs.

With Ryan returning to New York, Geraldine will now drive forward our growth in the region and help us realize our longer-term ambitions of doing more for our clients that live in or want to invest in the region.

Geraldine has earned respect around the globe for her deep insights and understanding of our industry and our clients’ needs, particularly in Asia Pacific.

She helped develop the firm’s long-term growth strategy for China, and has been a key voice in our strategy for retirement, wealth, alternatives and sustainable investing. Geraldine has the business expertise we need to drive our business forward.”

Geraldine Buckingham said: “BlackRock’s business in Asia Pacific is extremely well positioned to meet our clients’ retirement and wealth needs, thanks to Ryan and his team.

I am thrilled to be taking on this new challenge and will maintain a sharp focus on current priorities, while capitalizing on major growth opportunities to deliver the right mix of investment strategies for our clients.”

Ryan Stork said: “I feel privileged to have led such a strong team to deepen our penetration in this high-growth region, particularly in terms of onshore access to the China market.

I am now looking forward to taking on my new role to focus on how we can improve our global operating model, innovation and use of technology. As such, I take pleasure in the knowledge I will be continuing to contribute to the APAC growth story.”

The post Blackrock appoints Geraldine Buckingham as chair and head of Blackrock Asia Pacific appeared first on AdviserVoice.