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BlackRock names head of its China wealth management joint venture
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Bing Ji was named general manager of BlackRock s newly launched wealth management joint venture in Shanghai, BlackRock CCB Wealth Management, a spokeswoman confirmed Friday.
Mr. Ji was head of BlackRock s China institutional client business, based in Guangdong.
Monica Chan, BlackRock s Hong Kong-based head of China client business, will replace Mr. Ji on the institutional client business side, the spokeswoman said. Further details on her role were not immediately available.
On Wednesday, BlackRock said that the joint venture it unveiled last August with a subsidiary of China Construction Bank and Singapore investment company Temasek had garnered regulatory approval to start operations.