A major asset manager has snatched Citi’s regional head of ETF and index sales and business development to lead its ETFs business in the Asia Pacific.
BlackRock has appointed Rimmo Jolly as its new head of iShares Asia Pacific, with him set to commence in the role from 4 May.
Based in Hong Kong, Mr Jolly will be held responsible for growing iShares ETF market share and driving ETF adoptions among investors in the region.
He will work with the regional and global iShares network in creating local product offerings and facilitate ETF ecosystem enhancements across the region.
Mr Jolly will report to Susan Chan, head of iShares and Index Investing Asia Pacific at BlackRock.
Ms Chan commented: “Rimmo is a highly respected finance industry veteran and brings a wealth of experience to our ETF business development and distribution.”
“The recent extreme risk-off market environment has showcased the underlying strength of ETFs. I look forward to working with Rimmo to bring our suite of global and local products to investors in the region, and to raise awareness of using iShares ETFs as an instrument of active investment management.”
Prior to Mr Jolly’s current role with Citi, he was senior relationship manager for the markets business, focusing on the group’s strategic partners, including hedge fund and traditional asset managers, across all products.
He has also held senior positions in Citi across Hong Kong and San Francisco. Prior to that, he worked for Deutsche Bank’s equity structured products group, where he was involved in the delivery of solutions for hedge funds, pension and endowments.
“I’m very excited to join the team in bringing ETFs into BlackRock clients’ investment making process,” Mr Jolly said.
“With ongoing education and outreach to the industry, regulators, and our clients on ETF application, iShares is well positioned to capture the tremendous growth potential in Asia Pacific with the broadest line-up of products in the ETF industry.”
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
You can contact her on [email protected].