People Moves

BlackRock Adds To Asia-Pac Strength With New GCM Role

Vanessa Doctor, Asia Correspondent, 23 April 2013

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BlackRock continues its Asia-Pacific buildout with the appointment of a new global capital markets head.

Scott Greenberg moves to Hong Kong from New York to assume this new position, which will have him responsible for developing equity and debt investment opportunities for BlackRock clients in the region. At present, the company operates comparable GCM teams from the London and New York offices. He reports to Steve Sterling, head of GCM, and Mark Desmidt, Asia-Pacific head of alpha strategies.

Before BlackRock, Sterling was chief operating officer for equity financing products at Morgan Stanley in New York. Prior to that, he held several senior roles at the firm's investment banking unit and was head of equity syndicate at Morgan Stanley in Hong Kong.

The Asia-Pacific GCM will work with the firm's portfolio managers and external partners to create equity and corporate debt schemes for clients, which may include pre-IPOs, equity cornerstones, convertible debt and other equity-linked opportunities. The team may also be involved in event-driven bridge financing or financing requirements related to special situations.

"The growing importance of Asia-Pacific's developing capital markets is providing attractive investments for our clients. This new role will enhance investment performance and support our growing franchise in the region," said Sterling in a statement.

BlackRock has been actively building its Asian business with key hires since the start of 2013. In early April, Sabrina Gan joined as retail distribution head for Singapore. Before that, Patrick O'Donnell moved from BNP Paribas IM to assume the newly-created role of head of consultant relations for Asia ex-Japan.

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