Asia Pacific, August 8, 2024 - BlackRock today appointed Tomoko Ueda to the position of Chief Operating Officer for Asia Pacific, effective September 3.

This appointment expands the role played by Ms. Ueda, who oversees all business operations in the region and leads the Finance, Corporate Strategy & Development teams to drive growth and operational efficiency. She reports to Head of Asia Pacific Susan Chan and will relocate to Hong Kong from Tokyo.

Ms. Ueda joined BlackRock in 2022 as Asia Pacific Head of Corporate Strategy & Development to formulate the firm's strategy and execute against strategic priorities, while pursuing partnership opportunities in Asia Pacific. Before joining the firm, she was responsible for Strategy and Finance at Nikko Asset Management in Japan. She has had multiple leadership roles serving clients in the investment banking operations of Morgan Stanley and Merrill Lynch in the UK and Japan.

Tomoko succeeds James Raby, who is relocating to New York to take on the role of Global Head of Compliance.

Susan Chan, BlackRock's Head of Asia Pacific, said: "As we power into our next chapter of growth in Asia Pacific, I'm thrilled to appoint Tomoko as Chief Operating Officer. She has demonstrated exceptional leadership in driving BlackRock's growth initiatives throughout the region to align with the structural changes taking place in the global economy. These market forces - be they digital disruption, demographic divergence, transition to a low-carbon economy or geopolitical fragmentation - are presenting us with opportunities to share our expertise and insights with clients and investors, as they rethink their portfolios to generate returns. We are uniquely positioned to accelerate our momentum in this part of the world, and I'm confident Tomoko will have tremendous positive impact on our long-term success."

Ms. Chan added: "James has been a dedicated and passionate leader. Beyond the direct impact he's had on our business, he has mentored many of our young and talented professionals. On behalf of everyone in the BlackRock Asia-Pacific team, I wish to thank James for his great partnership over the past three years and wish him every success in the new role."