BlackRock’s Asian equities specialist and Citywire A-rated manager Andrew Swan is to leave the firm and relocate to Australia.
Swan (pictured) has been with BlackRock since joining from JP Morgan Asset Management in 2011, becoming a leader in the firm’s global emerging market equities team.
During his time at BlackRock, Swan served as head of Asian equities within the fundamental equity division of BlackRock’s alpha strategies group.
This also involved being responsible for managing several regional equity portfolios, with him named across 13 funds in the Citywire database, setting regional equity investment strategy and developing BlackRock’s Asian investment platform and capabilities.
In a statement, BlackRock said that while Swan’s departure would be a loss for its emerging markets platform, it had taken the necessary steps to prepare for succession and it is well-prepared for this transition.
‘The team has been developing leaders at several levels and will use this opportunity to give them additional responsibility. There will be no changes to the investment process.
‘Gordon Fraser and Stephen Andrews will become co-heads of global emerging market equities while Sam Vecht will become head of emerging Europe, frontiers and alternative strategies. They will all report to Belinda Boa, chief investment officer for global emerging markets.’
He most recently featured in Citywire Selector’s February magazine as part of the Performance Clinic section, where Swan discussed how his main funds had been negatively affected by the ongoing trade war between China and the US.