Wed, Jan 25, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

BlackRock’s McCombe says China hiring is most important decision so far

Wednesday, January 16, 2013

From Komfie Manalo, Opalesque Asia – The appointment of former Goldman Sachs executive Wang Hsueh-ming as chairman of BlackRock’s operations in China is his most important decision so far, said Mark McCombe, chairman of BlackRock’s Asia-Pacific office.

Wang will start in her new function on February 18, shuttling between Hong Kong and Beijing. Currently, BlackRock does not have a head for its China operations. Ji Bing is in charge of BlackRock’s institutional sales, and Jean Li joined last April from FTSE group as its chief China representative. McCombe explained that the appointment of Wang is expected to bring together all of BlackRock’s executives in China to allow them to work together in finding opportunities in the region.

He was quoted as saying, "This could not be a more important appointment. It is about setting a tone and direction for coming decades for BlackRock’s involvement with China, one of the great opportunity markets that still exist in Asia. We are excited about having someone who can develop a strong business."

Wang was advisory director at Goldman Sachs until her retirement in 2001.

In late December, BlackRock appointed Andrew Landman as the head of alternatives in Australia. In the newl......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally, Hedge fund legend David Einhorn is making a big bet on GM, After impressive 85% return in 2016, hedge fund looks to Canadian gold producer, small banks[more]

    This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally From Forbes.com: Can bank stocks continue to rise after a 28% surge in the KBW Bank Index in 2016, fueled by a post-election rally as stock pickers returned to the beaten down sector? Forget the s

  2. SWFs - China sovereign wealth fund CIC plans more U.S. investments[more]

    From Reuters.com: China Investment Corporation (CIC), the country's sovereign wealth fund, is looking to raise alternative investments in the United States due to low returns in public markets, its chairman said on Monday. CIC will boost its investments in private equity and hedge funds as wel

  3. Some hedge funds strong start in 2017 nice contrast to 2016[more]

    With the 2016 HSBC Hedge Weekly performance rankings in the books - a year in which the same leader-board entries pretty much dominated unchallenged throughout the year - comes a new leader board that is a hard-scrabble mix of hedge fund styles and categories. What is clear after but a few short wee

  4. Macro hedge funds and CTAs outperform in December on strong dollar[more]

    Komfie Manalo, Opalesque Asia: The last month of 2016 saw risk assets climbing higher, as part of expectations that the new U.S. administration will remove barriers to growth and investment, Lyxor Asset Management said. December also saw the Fed hik

  5. Opalesque Exclusive: Roxbury credit events UCITS gathers more assets[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The Roxbury Credit Events Fund, launched in September 2015, was up 4.24% in 2016, having returned seven positive months during the year. The managers raised