International asset management firm BlackRock has appointed Kimberly Kim to a newly created role as head of financial institutions group, Asia-Pacific, which will focus on the region’s insurance companies.
According to BlackRock, Kim’s appointment will be effective April 2018 and she will be based in Hong Kong. Kim will report to Andrew Landman, BlackRock’s Asia-Pacific head of client business, and David Lomas, head of its global financial institutions group.
In her new role, Kim will develop and implement an integrated business strategy targeting the region’s insurance companies, reported
Deal Street Asia.
Kim joins BlackRock from Deutsche Asset Management, where she was most recently head of global client group for Hong Kong and regional head of insurance coverage for Asia-Pacific, excluding Japan. She was also part of the company’s global insurance coverage committee. With an almost 15-year stint at Deutsche, she gained significant experience in asset management and global market divisions, with a focus on insurance.
“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,” Landman commented on the appointment. “Kimberly’s exceptional track record will therefore add significant impetus to our capabilities in addressing these client challenges.”
Related stories:
Hong Kong-Singapore rivalry hurting Asia’s fintech competitiveness
NTUC Income - Fullerton alliance to create Singapore’s largest asset manager
Asset-liability mismatch major concern among APAC insurers
