BlackRock, the world’s largest asset manager, announced on June 6 that Tony Tang, the head of its China business, is leaving the company.
Tang played a key role in driving the expansion of BlackRock’s operations in the world’s second-largest economy.
In response to a question from Reuters, BlackRock confirmed Tang’s departure, stating that he “has expressed an interest in exploring opportunities” outside the firm.
Susan Chan, BlackRock’s deputy head of Asia Pacific and head of Greater China, now directly oversees the China onshore business, the company said. Chan sits on the U.S. firm’s global executive committee….