BlackRock promotes Lord to lead APAC

BlackRock has announced that its Rachel Lord will be the chair and head of BlackRock Asia Pacific.

Lord has been the head of EMEA since 2017 and was previously the head of iShares for the region. She's also been a managing director with Morgan Stanley and Citigroup.

BlackRock's head of international and corporate strategy Mark Weidman said, "The appointment of one of the firm's strongest leaders to head up our APAC business underscores our commitment to this fast-growing region as a top strategic priority for BlackRock. Rachel has piloted growth in assets and revenue in a complex EMEA region undergoing economic and regulatory shifts, while taking BlackRock deeper into local markets.

"I am excited to see Rachel's experience and expertise and her track record in Asia paired with the strong regional leadership already in place to advance our business," he said."

Lord says there is great potential in the APAC region. "We are rapidly transforming our business to match APAC investors' aspirations. Who we are and what we offer must reflect the region and its needs, so the opportunity to accelerate BlackRock's APAC business over the next decade is a game changer. I have seen first-hand how our business really takes flight when we get closer to our clients. When I think about what BlackRock can look like in APAC ten, twenty years from now - it's exciting.

"APAC is truly one of the most diverse and dynamic regions in the world, and I cannot wait to start."

Lord will be based out of Hong Kong.