BlackRock appoints Hua Fan Head of China and Jim Zhang General Manager of BlackRock CCB Wealth Management

Shanghai, January 15, 2024 – BlackRock today announced the appointments of Hua Fan as Head of China, and Jim Zhang as General Manager of BlackRock CCB Wealth Management Limited (“BlackRock CCB Wealth”), subject to regulatory approval.

BlackRock’s business in China has made great strides – from launching a fund management business and a wealth management joint venture, developing various investment capabilities across equities, fixed income and multi-asset strategies, to building a robust local team and growing leaders from within our business.

Susan Chan, BlackRock Head of Asia Pacific, said: “We are immensely proud of the platform, leadership, and culture we have cultivated in China over the past three years. Our domestic business is helmed by some of the finest leaders in the industry, bringing deep local market insight and industry expertise to serve our clients. The appointments of Hua Fan and Jim Zhang are key to our continued growth as we aspire to become the premier global asset manager in China.”

Hua Fan, reflecting on her new appointment, said, “Leading BlackRock CCB Wealth was a remarkable journey, and I am excited to embrace the expanded responsibilities. This new challenge offers a unique opportunity to deepen our commitment to the Chinese market and continue serving our clients as fiduciaries, delivering comprehensive solutions that meet the needs of local investors.”

Jim Zhang said: “The success of BlackRock CCB Wealth underscores the power of teamwork and collaboration. I am delighted to lead a team that is deeply committed to our shared vision and continuing the great work. I look forward to partnering closely with China Construction Bank and Temasek, enhancing our investment capabilities and delivering long term, sustainable return to clients.”

Hua Fan joined in 2022 to lead BlackRock CCB Wealth. She has been a key leader in scaling the business of our wealth management joint venture and transforming the leadership. With over 25 years’ experience in the investment industry, Hua has served as Chief Investment Officer for China Merchant Bank’s wealth management subsidiary, and also worked at China Investment Corporation and Goldman Sachs. 

Jim Zhang has been a key member of the China leadership team for the past eight years, most recently leading the management operation supporting the firm’s onshore businesses and as the Chief Liaison to China Construction Bank. Prior to this, Jim was Deputy General Manager, Chief Technology Officer, and Chief Operating Officer of BlackRock Fund Management Company – our mutual fund business. Jim commenced his career in financial services industry since 1994.