BlackRock has appointed Kimberly Kim to the newly-created post of head of financial institutions group, Asia-Pacific, effective April 2018.
BlackRock’s APAC head of client business, Andrew Landman said that Asia Pacific insurance industry was currently benefiting from wealth accumulation and would require “renewed efforts to save for retirement.”
BlackRock’s head of global financial institutions group, David Lomas commented on Kim’s appointment: “Kimberley’s breadth of expertise with insurance firms, coupled with her investment market knowledge, positions her well to serve our clients in a more consultative and broad-based manner, while helping them navigate today’s complex investment environment.”
Kim joined from Deutsche Asset Management, where she served most recently as head of global client group fort Hong Kong and Regional Head of Insurance coverage for APAC ex-Japan.
She also has 15 years of experience at Deutsche Bank, having worked across asset management and global market divisions, serving the region’s institutional client business with a focus on the insurance and asset management client base.
Equity markets have surged ahead of fundamentals as institutional investors fall behind, according to Ten Cap Alpha Plus.
Local investors are leading the region in plans to boost private market exposure, as demand grows for innovative fund structures, resilient investments, and a more selective approach to alternatives.
Research shows institutional investors are increasingly turning to private credit, but the APAC region’s relatively small market size remains a key constraint.
The global financial platform has completed a Series F funding round, with superannuation funds participating in the round.