NEWS
BlackRock appoints Lee head of Hong Kong retail
18 December 2012
Category:
News, Asia, Hong Kong
By Asia Asset Management
Julia Lee is to join BlackRock Inc as director and head of retail distribution in Hong Kong. The appointment comes as the firm develops an integrated Asian retail team to lead investors and distributors through the changing investment landscape.
Reporting to Heather Pelant, head of retail and private bank distribution for Hong Kong, Singapore and Southeast Asia, Ms. Lee will be responsible for growing BlackRock’s Hong Kong retail distribution business, encompassing both mutual funds and ETFs. She joins from ING Investment Management where she has been working as head of wholesale and business development in Hong Kong.
The appointment follows the integration of the iShares and BlackRock Asia retail sales teams, providing support to the continuing growth of both the iShares and BlackRock retail platforms. The new distribution model means clients can access the comprehensive range of index and active solutions that investors increasingly are looking for in today’s market environment from one team.
Ms. Pelant says: “Investors are looking for broader diversification and demanding more flexibility in the products they use. Our approach is a holistic retail distribution model which provides access to index and active strategies to help investors create asset allocations solutions that meet their individual needs. Julia’s 15 years’ industry experience and track record gives me confidence we can improve the financial future of retail investors in Hong Kong.”
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