A former executive from Morgan Stanley Investment Management will join Blackrock as its new Asia Pacific head for the institutional market.
Blackrock appoints Hiroyuki Shimizu as head of institutional for Asia Pacific, according to a statement, who will join the firm in the Hong Kong-based role in the second quarter of 2022.
Shimizu will also assume the role of president of Blackrock Japan, subject to local board approval, and support chef chief executive, representative director and head of Japan Hiroyuki Arita.
Shimizu will join Blackrock from Morgan Stanley Investment Management, where he was most recently its global co-head of private credit and equity distribution, head of Japan and Korea, as well as president and representative director of Japan. Previously, he was also CEO of KKR Capital Markets Japan after 15 years with Goldman Sachs in Japan.
Alternatives Focus
According to Blackrock, the appointment underpins the firm and the market’s increasing focus on alternatives.
«We have seen robust asset growth across many of the fast-growing markets in this diverse region, plus rising demand from institutions for increasingly sophisticated whole portfolio solutions that will help them address their risks and opportunities,» said Blackrock’s chair and head of APAC Rachel Lord.
«[Shimizu] brings with him a wealth of institutional client management experience, along with a thorough understanding of local markets and strong track record in the alternatives space. This will greatly benefit our clients, while helping us realise our own growth ambitions in APAC.»
