Ryan Stork named head of BlackRock Asia Pacific
07 April 2014
Category: News, Asia, Global, Hong Kong, USA
By Asia Asset Management
BlackRock announced on April 7 that Mark McCombe has been appointed as global head of the institutional client business and chairman of BlackRock Alternative Investors, based in New York. Ryan Stork, who has helped drive BlackRock’s global growth from a variety of leadership roles over 13 years at the firm, has been named head of BlackRock Asia Pacific, effective June 1, 2014, and will transfer to Hong Kong from New York. Mr. McCombe will continue to serve as Asia-Pacific chairman until the end of 2014, facilitating a smooth leadership transition. Mr. Stork will assume the chairman role at the end of the year. Mr. McCombe succeeds Rob Goldstein as head of the institutional client business following Mr. Goldstein’s appointment as BlackRock’s chief operating officer.
Laurence D Fink, chairman and CEO of BlackRock commented: “For a number of years now we have pursued a deliberate goal of building a deep bench of executive talent. An important element of this effort has been periodically moving leaders to roles that present them with new challenges, broaden their horizons and maximise their impact with the firm and our clients. This is the key driver of management changes we are announcing today.
“In Asia Pacific, Mark has put the region on a sustainable growth path by building a strong leadership team, sharpening our focus on clients by providing the right product mix, and delivering quality investment performance. He has also been instrumental in the growth of our alternatives and real estate investment capabilities, with the acquisition of MGPA in 2013.
“Ryan has broad global experience and a record of growing a strategic business. As head of the Aladdin client business since 2009, he has driven rapid expansion of the business globally – broadening the international mix of clients on the platform, including key new clients in Asia. Earlier in his career, he played a key role in leading integration among our client businesses in Europe, the Middle East and Africa.”
Mr. McCombe said: “Our institutional and alternatives businesses are core to the firm’s growth strategy. Investors all over the world are increasingly looking to BlackRock to bring a global perspective and help them invest beyond their home markets. I am therefore delighted to take on this new and exciting challenge, while focusing on how we can best deliver alternative strategies across all our client groups.”
Mr. Stork added: “BlackRock’s business in Asia Pacific is now extremely well positioned to serve our clients and capitalise on the growth opportunities in the region. Thanks to the efforts from Mark and the rest of the team in the region, we now have a world-class investment platform with locally-relevant products and solutions to meet our clients’ most pressing investment needs. I am thrilled to be taking on this role in Asia Pacific.”