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BlackRock hires former Westpac exec as head of wealth for APAC

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Former Westpac business division CEO Guilherme Lima joins BlackRock.

Guilherme Lima

BlackRock has named Guilherme Lima as its new Asia Pacific head of wealth.

Mr Lima was formerly the CEO of Westpac’s business division, where he had led private banking, commercial banking and SME banking since 2019. 

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Prior to this, he spent more than a decade at HSBC with leadership roles in wealth, premier banking and strategy in Hong Kong, as regional head of retail banking and wealth management at HSBC Latin America in Sao Paulo, and as chief of staff to the group CEO in London. 

He was also formerly a partner at McKinsey in New York and Sao Paulo.

Commenting on the appointment, Rachel Lord, BlackRock’s chair and head of Asia Pacific, said that the wealth market in Asia was “on the cusp of remarkable expansion and transformation”.

“The appointment of a head of wealth is an important step in the way we serve our clients in this space,” Ms Lord said.

“Guil’s decades of experience across global platforms bring together the best market and wealth management practices to the benefit of clients and will help us achieve our growth ambitions in APAC.”

BlackRock said that Mr Lima will work with wealth managers, private banks and family offices to develop strategies that address the needs of wealth clients throughout the region utilising its product offerings. The head of wealth position will be based in Hong Kong. 

“I am excited to be joining BlackRock, a firm I have known and respected for years,” Mr Lima said.

“APAC remains one of the fastest-growing regions in terms of wealth, so I look forward to partnering with my colleagues to equip our wealth clients in Asia with truly world-class whole portfolio solutions.”

 

BlackRock hires former Westpac exec as head of wealth for APAC

Former Westpac business division CEO Guilherme Lima joins BlackRock.

Guilherme Lima
Guilherme Lima
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Jon Bragg

Jon Bragg

Jon Bragg is a journalist for Momentum Media's Investor Daily, nestegg and ifa. He enjoys writing about a wide variety of financial topics and issues and exploring the many implications they have on all aspects of life.

 

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