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BlackRock Names New APAC Head, Makes Other Changes

Editorial Staff 15 January 2024

BlackRock Names New APAC Head, Makes Other Changes

There’s a change at the top and reshuffle of APAC management responsibilities – touching on wealth management – at the asset management titan.

BlackRock has appointed one of its senior figures to be the new head of the Asia-Pacific region and named deputy heads for the region.

The world’s largest asset management house – $10 trillion of assets under management as at end-December 2023 – has made Susan Chan its new APAC head, taking over from Rachel Lord, who will be relocating to London to take on the role of BlackRock’s head of International, it said in a statement at the weekend. 

The business also named Andrew Landman and Hiroyuki Shimizu as deputy heads of Asia-Pacific, all effective immediately.

Based in Hong Kong, Chan will be responsible for leading the APAC region and overseeing the business, client, investment and operational platforms serving wealth and institutional investors via BlackRock’s active, index, ETFs, alternatives and technology offerings.

Holding more than 30 years’ experience in financial services and asset management industries, Chan’s tenure of more than 10 years at BlackRock has included leading the exchange-traded fund and index investing business, managing the trading, liquidity and securities lending team, and overseeing the sustainable and transition investing group, as well as developing BlackRock’s onshore business in mainland China.

Prior to her new role, Chan served as deputy head of Asia-Pacific, head of Greater China, and head of trading, liquidity and lending for APAC. She joined the firm in Hong Kong in 2013.

BlackRock has also named two APAC deputy heads: Andrew Landman – head of Australasia, and Hiroyuki Shimizu – head of Asia-Pacific institutional and head of North Asia (Japan and South Korea).

Landman will expand his role to oversee Southeast Asia and the Asia-Pacific wealth business. Shimizu will continue to lead BlackRock’s Asia-Pacific institutional business, while expanding his remit to cover Taiwan, in addition to Japan and South Korea. Asia-Pacific head of wealth James Raby will take on the role of chief operating officer for APAC. Hua Fan will be head of China.

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