The world’s largest asset manager Blackrock is reportedly seeking to expand its business in Singapore with new hires, staff relocations and more office space.
Blackrock is in talks to double its floor space in Singapore from three floors at its central business district office on Anson Road to six, according to a «Bloomberg» report citing unnamed sources, though the plans are still in the early stage. The asset management giant is seeking to move 30 staff from another office in Singapore and relocate at least 10 staff from Hong Kong, which includes some from the equities and ETF business, alongside local hiring.
Blackrock’s Singapore office has seen senior appointments in recent times including the relocation of Peter Loehnert from London as APAC head of ETF and indexing as well as Belinda Boa from Hong Kong as head of active investments, the report added.
«We are expanding our footprint to match our ambitions, and will continue to increase resources, particularly in Southeast Asia and Greater China to capture growth areas including exchange-traded funds & indexing, alternatives, and sustainable investing,» the firm said in a statement.
