Asset Management Awards for Excellence 2016 – Best Fund Provider – Asia ex-Japan Equity


Tan-Yuan Kueh, Managing Director, Head of Private Bank Business & Strategic Client Development Asia ex-Japan, BlackRock

Tan-Yuan Kueh
Managing Director, Head of Private Bank Business & Strategic Client Development Asia ex-Japan

Rising risks in Asia’s equity markets have effectively limited the field to those that exercise sufficient due diligence and discipline. In 2015, China surprised the world with multiple yuan devaluations and the Shanghai composite’s roller-coaster performance; Japan’s corporate reforms and attempts to encourage the redeployment of excess cash did not translate to equity returns; and, emerging markets in the region caught a cold when China sneezed and energy prices plummeted. Yesterday’s confident stock-pickers are rapidly coming to the realisation that they may have to cede control and discretion in the managing of allocations in the face of volatility.

Both in passive and active solutions, BlackRock stands at the forefront of asset management for Asia’s private wealth clients, not just as a provider of product but, more importantly, as a provider of research, content, insights and – ultimately – solutions. Significantly, in a region where geographical bias still plays a marked role in investment decision making, BlackRock is private banks’ fund provider of choice for Asia’s most significant allocation.

In addition to its already wide range of equity exchange-traded funds (ETF) via its passive arm, iShares, BlackRock boasts a series of funds covering both single-country and regional equities that have made their way into Asian private banking clients’ portfolios in client-directed, advisory and discretionary capacities. BlackRock’s Asia business, which is home to 280 investment professionals, has grown its assets exponentially from Asian HNWIs since setting up a dedicated team for the segment. Next up, the firm plans to deepen these relationships by providing customised solutions or exclusive distribution opportunities.

Accordingly, private banks in the region have resoundingly selected BlackRock as this year’s Best Fund Provider – Asia ex-Japan Equity.