Blackrock bolsters its alternatives capabilities in the region with the appointment of a China head of private credit.
Blackrock names Celia Yan to the newly created role of head of China for the Asian private credit unit.
In her Hong Kong-based role, Yan will be responsible for co-management of the private credit investment portfolio across Asia Pacific. She will report to Neeraj Seth, Singapore-based head of Asian credit at the firm.
Yan was most recently with ADM Capital where she spent nearly a decade, including last as its head of Greater China where she led its overall China investment strategy with specific expertise at sourcing and executing private credit from the region.
Low Rates, Low Yields
According to Seth, the new hire is timely in that the private credit asset class is able to generate high yields in the current low rate environment.
«The lower-for-longer environment is reinforcing the critical role alternatives assets play in our clients’ portfolios for income and growth,» added
Michael Dennis, BlackRock’s APAC head of alternative strategy & capital markets.
As of September this year, Blackrock had $263 billion of assets under management invested through its alternatives platform across real estate, infrastructure, private equity, credit, hedge funds and other alternatives.
