HONG KONG, Jan 5 Reuters BlackRock Inc has appointed Hua Fan, formerly general manager of its majorityowned China asset management unit, as head of China, two sources with knowledge of the matter said.

Fan, who joined the world39;s largest asset manager in 2022 to lead its 51owned China joint venture, has been promoted to oversee BlackRock39;s entire China onshore business, including the venture, a fullyowned fund management unit and a private fund platform, the sources said.

BlackRock did not immediately respond to a Reuters39; request for comment.

Fan39;s appointment comes six months after BlackRock39;s former China helmsman Tony Tang left the role to become head of China for market maker Citadel.

Reporting by Selena Li; Editing by Emelia SitholeMatarise

Source Reuters