Mon, Apr 24, 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. Opalesque Exclusive: Carden Capital bets on volatility[more]

    Bailey McCann, Opalesque New York for New Managers: Machine driven strategies are having a bit of a moment in the hedge fund world right now. Systematic funds have outperformed other strategies at a time when all ey

  2. Sprott AM to sell Canadian diversified fund business to management-led group[more]

    Komfie Manalo, Opalesque Asia: Toronto-based asset management company Sprott Asset Management LP (SAM) has entered into an agreement to sell its Canadian diversified fund business to a management-led group. Under the deal, the new group will have

  3. Investing - These hedge funds (and Madeleine Albright) are betting on a debt crisis, Hedge funds are upping their bets on the death of the traditional retailer, $20bn hedge fund recaps Corizon[more]

    These hedge funds (and Madeleine Albright) are betting on a debt crisis From Yahoo.com: There could be a big debt crisis brewing in places like China, India, Latin America and Africa -- and a growing number of investors are amassing war chests to cash in on the distress. Albright Capital

  4. Universities looking to defend endowments from Republican tax plan[more]

    From PIOnline.com: Some of the richest U.S. colleges are pushing back against scrutiny by Congress over the tax-exempt status of university endowments. Lobbying disclosure forms show almost two dozen schools such as Princeton University, University of Notre Dame and Cornell University are including

  5. Activist News - GAM touts 'tangible results' of turnaround as activist fight hots up, Bill Ackman not done with Herbalife, says his fight could get legs in May, Activist hedge fund CIAM says Euro Disney's buyout offer not fair for minority investors[more]

    GAM touts 'tangible results' of turnaround as activist fight hots up From FNLondon.com: GAM, the Swiss asset manager at the center of an attempted boardroom putsch by activist hedge fund RBR Capital, said its first-quarter results amounted to "tangible" proof that its management's plan f