Helen Zhu leaves Goldman Sachs for BlackRock

10 March 2014   Category: News, Asia, China   By Asia Asset Management

Helen Zhu has been appointed as managing director and head of China equities at BlackRock, effective April 7.

Reporting to Andrew Swan, head of Asian equities, the appointment significantly strengthens BlackRock’s China equities capabilities as well as being integral to the firm’s Asian fundamental equity franchise. Subject to regulatory approvals, Ms. Zhu will assume management of portfolios later in the year.

Mr. Swan said: “Helen’s appointment continues a series of senior hires adding to a talented team. Her insight into China’s financial markets, built from a decade of bottom-up China equity research experience and additional China macro strategy expertise, will further enhance the team’s investment capabilities. The team has seen high-level performance and asset growth over the past two years founded on a strong investment philosophy and robust process.”

Mark McCombe, Asia Pacific chairman, added: “We have been building our Asian equities franchise under the leadership of Andrew Swan since 2011. Helen’s appointment is testament to that continual commitment. Our goal, as always, is to put the best talent behind our investment philosophy and process, and deliver a superior outcome for our clients.”

Ms. Zhu joins BlackRock after eight years at Goldman Sachs, where she most recently held the position of managing director, chief China equity strategist. Prior to assuming this role, she worked in the global investment research division of Goldman Sachs as Asia business unit leader for the telecoms and internet sectors, covering China and regional telecoms stocks. Ms. Zhu also worked at ABN AMRO for five years in a similar role covering telecom equity research. Prior to this, she worked in investment banking in New York and Hong Kong at Donaldson Lufkin & Jenrette.