People Moves

BlackRock hires new head for Asia-Pac index equity team

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BlackRock, the huge US-based asset management group, has appointed Kevin Hardy as managing director and head of its Asia Pacific index equity team. He joins from Northern Trust Hong Kong where he held the role of managing director and head of Northern Trust Global Investments Asia Pacific.

BlackRock’s global management team for equity indexing oversees $1.3 trillion in assets globally and Hardy, who will be based in Hong Kong, will be responsible for portfolio management activities.

He took over the position after Jane Leung was appointed as head of iShares Asia Pacific in May.