Bang will be responsible for building the multi-asset strategies business and represent BlackRock’s multi-asset capabilities, including investments, products, services and tools.
The appointment is with immediate effect and Bang will be based in Hong Kong. He reports to Ryan Stork, head of Asia-Pacific and also to Ken Kroner, global head of multi-asset strategies.
“Edward joins BlackRock as we accelerate the build-out of our multi-asset platform across the globe,” Kroner said.
“He will assess the broader marketplace in Asia-Pacific and deliver the breadth of our global offering, while building our multi-asset platform so we can serve clients with the solutions and value they seek,” he added.
Stork added that multi-asset solutions play an increasingly important role in Asia-Pacific.
As the name suggests, multi-asset funds use dynamic asset allocation strategies, diversifying across various asset classes with the aim of beating different market cycles, generating returns, and at the same time controlling downside risk.
At UBS Global Asset Management, Bang was head strategist, Asia-Pacific, for the firm’s multi-asset global investment solutions team since January 2010.
Prior to UBS, he was chief executive and head of Asia at Olivant for two years and also worked with York Capital Management, Wellington Management, Fidelity and The Boston Company in various senior equity portfolio management roles.
