US-based asset manager BlackRock has appointed Rachel Lord as the chair and head of its Asia Pacific business, succeeding Geraldine Buckingham.

Lord, who most recently led the firm’s EMEA arm, will assume the new responsibility on 1 May 2021.

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She took charge of the EMEA unit in 2017. Before that, she was the EMEA head of iShares and head of global clients, ETF and index investments.

She will relocate from London and operate out of Hong Kong for the new role, which is pending regulatory nod.

Meanwhile, Buckingham will remain with the business in the role of an adviser.

Prior to joining BlackRock in 2013, Lord worked at Citibank as the global head of corporate equity derivatives. She has been working at Citigroup since 2009.

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Previously, she had a 13-year stint at Morgan Stanley. She held several senior positions at the firm’s equities and capital markets businesses, in London and Hong Kong.

BlackRock head of international and corporate strategy Mark Wiedman said: “The appointment underscores our commitment to this fast-growing region as a top strategic priority for BlackRock.”

Other appointments by BlackRock

Last March, BlackRock hired Rimmo Jolly from Citi to serve as its new head of iShares Asia Pacific.

Jolly has been tasked with boosting iShares’ ETF market share and adoption in the region.

In April 2019, the firm appointed Tony Tang as the head of its China business, with responsibility for managing the execution of its long-term business strategy in the market.