BLACKROCK APPOINTS HUA FAN HEAD OF CHINA, SUCCEEDING TONY TANG

BlackRock Inc (BLK.N) has appointed Hua Fan, formerly general manager of its majority-owned China asset management unit. Fan, who joined the world's largest asset manager in 2022 to lead its 51%-owned China joint venture, has been promoted to oversee BlackRock's entire China onshore business, including the venture, a fully-owned fund management unit and a private fund platform. The U.S. firm plans to announce the appointment to its staff as soon as next week. Fan's appointment comes six months after BlackRock's former China helmsman Tony Tang left the role to become head of China for market maker Citadel Securities.

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