US asset management giant BlackRock has announced the appointment of a chief operating officer for Asia.

BlackRock has appointed Tomoko Ueda as chief operating officer for Asia Pacific, according to a statement, effective September 3. She will relocate from Tokyo to Hong Kong for the role and report to head of APAC Susan Chan.

Ueda currently oversees all business operations in the region and leads the finance, corporate strategy & development teams. Prior to joining BlackRock in 2022, she also worked at Nikko Asset Management, Morgan Stanley and Merrill Lyunch in the UK as well as Japan.

Predecessor Moves to New York

Ueda succeeds James Raby, who is relocating to New York to become BlackRock’s global head of compliance.

«[Ueda] has demonstrated exceptional leadership in driving BlackRock’s growth initiatives throughout the region to align with the structural changes taking place in the global economy,» Chan commented. 

«These market forces – be they digital disruption, demographic divergence, transition to a low-carbon economy or geopolitical fragmentation – are presenting us with opportunities to share our expertise and insights with clients and investors, as they rethink their portfolios to generate returns.»