BlackRock has appointed a Deutsche Asset Management head of global client group, Hong Kong to the newly-created position of head of financial institutions group, Asia-Pacific.
Stepping into the new Hong Kong-based role, Kimberly Kim will develop and implement an “integrated business strategy targeting the region’s insurance companies,” according to a statement.
Ms Kim will start her new role in April, and until then remains at Deutsche Asset Management where she has spent 15 years.
Her current role is the head of global client group, Hong Kong and regional head of insurance coverage for Asia-Pacific excluding Japan, where she serviced the region’s institutional, insurance and asset management client base.
In this role, Ms Kim developed the company’s institutional and corporate client base in Hong Kong and was also a representative of Asia-Pacific ex-Japan on the global insurance coverage committee.
She will report to BlackRock head of global financial institutions group David Lomas and BlackRock Asia-Pacific head of client business Andrew Landman, who said Ms Kim had an “exceptional track record”.
“Asia Pacific’s fast-growing insurance industry operates in a low-yield environment, but benefits from wealth accumulation and renewed efforts to save for retirement,” Mr Landman said.
“Kimberly’s exceptional track record will therefore add significant impetus to our capabilities in addressing these client challenges.”
Mr Lomas added, “Kimberly’s breadth of expertise with insurance firms, coupled with her investment market knowledge, positions her well to serve our clients in a more consultative and broad-based manner, while helping them navigate today’s complex investment environment.”
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