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BlackRock appoints Asia-Pacific fixed income boss
BlackRock has positioned itself for growth in the region, with the appointment of Joel Kim as head of Asia-Pacific fixed income. Kim makes the move to BlackRock from ING Investment Management, and will be based in Singapore.
BlackRock vice chair Susan Wagner said Kim had experience as a team leader and investor in Asia, which would help the company make the most of its market-leading position in fixed income.
"We [are] expanding our business in Asia and we are delighted to have a leader of Joel's calibre overseeing the execution of this strategy," Wagner said.
Kim will also work with the global fixed income leadership team to build the Asian fixed income and emerging market product offerings, according to BlackRock.
Peter Fisher, BlackRock senior managing director and head of the fixed income portfolio management group, said the recruitment of Kim demonstrated the company's commitment to "building a world-class fixed income franchise".
BlackRock manages US$1.2 trillion in fixed income assets as of 30 June 2011.
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