Director, Head of APAC Private Markets Product
Hong Kong, HK
Singapore, SG –
Investment Professionals – Investments
Description
About this role
BlackRock’s Global Product Solutions (GPS)
BlackRock’s Global Product Solution (GPS) strives to catalyze firm growth by delivering for clients on the biggest asset management trends through expertly designed, scalable products and solutions. GPS ensures product priorities are consistent with overall firm strategy and growth aspirations and manages a transparent and disciplined product development process from ideation through implementation for innovative, new products. GPS partners closely with Client Businesses, Investment teams, and Corporate Functions to achieve the firm’s goals and objectives.
BlackRock anticipates significant growth in Alternatives, across all asset classes (real estate, infrastructure, credit, private equity, and hedge funds). To support this growth GPS is seeking an experienced private markets product developer to join the team and take end to end responsibility for product design, development and launch of all new private market’s funds. You will also be responsible for helping us build out a market leading private markets product capability as well as partnering with, and advising, senior private markets business leaders on how the industry is evolving and how BlackRock can increase its leadership in the private market ecosystem.
Key Responsibilities:
- Drive the product design and structuring process, manage the product approvals process, and oversee the end-to-end implementation process.
- Help drive commercialisation of our private product suite, through deep understanding of the competitive landscape, and be able to liaise with clients and internal stakeholders
- Coordinate with internal business teams (legal, business management, fund admin, operations, risk and portfolio analytics group) on new product development, custom solutions and other offerings.
- Work with internal and external stakeholders to ensure we have an appropriate product operational infrastructure and operating model to support the growth aspirations of the regional private markets business.
- Acquire and maintain a deep knowledge of BlackRock’s global product set and bring ideas and perspectives from outside the Firm, including conducting studies on the local industry landscape, competitor research, and client/market trends.
- Keep abreast of market activity and competitor innovations. Liaise closely with members of the private markets product strategy teams to develop a vision and strategy that contributes to the strategic direction of the regional private markets business.
- Position and prioritize our private markets product suite and serve as a point of contact to address questions from the internal sales teams and external clients on all private market’s product structuring matters.
Key Requirements:
- 10+ years of relevant experience working in a private market focused product development role within asset management / financial services / legal services.
- Deep experience in design, development, and implementation of fund structures across a variety of domiciles e.g., Luxembourg, Cayman, Singapore etc. across multiple asset classes (real estate, infrastructure, credit, private equity, and hedge funds).
- Familiarity with the latest regulatory / product developments shaping the private markets product development space e.g., ELTIF 2.0, SG VCC 2.0, evergreen product structures etc. and identify how BlackRock can benefit from these changes.
- Commercial awareness of market dynamics, market evolution and of the competitive landscape to ensure our own products are well positioned.
- Excellent interpersonal and communication skills, including the ability to engage with senior leaders, on complex structuring matters.
- Comprehensive knowledge of the private markets asset management industry including investor types, distributional channels, competitor landscapes etc.
- Detail and task oriented; able to successfully coordinate and manage multiple projects and priorities in a cross-functional team environment. Strong prioritization skills with ability to multitask in a dynamic environment.
- Knowledge of and exposure to BlackRock’s full range of activities preferred: institutional distribution, wealth management, portfolio management and capital markets, and trading.
- Excellent written and verbal English communication skill; ability to communicate with APAC clients in local language (e.g., Mandarin, Japanese, Korean) a plus.
Our benefits
To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.
Our hybrid work model
BlackRock’s hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.
About BlackRock
At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being. Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.
This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.
For additional information on BlackRock, please visit @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock
BlackRock is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to age, disability, family status, gender identity, race, religion, sex, sexual orientation and other protected attributes at law.
Job requisition #
R241183
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“Inclusion and diversity are important at BlackRock, and we want people from all different backgrounds—geographic, educational, cultural. We want to avoid a narrow-minded, herd mentality, especially in investments.”
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As a people-centric business, our long-term sustainability depends on our employees and culture. We have more than 16,000 employees in 35+ different countries who speak over 80 languages. We also serve millions of clients from different cultures around the world. We believe a wide range of perspectives and talent is crucial to creating a richer culture for our employees and a better experience for our clients.
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