Nicholas Chui has left BlackRock, according to an email from the company seen by FSA.
Before his departure, he was the co-manager of the BlackRock GF China Fund, the BlackRock GF Asian Dragon Fund, the BlackRock GF China Flexible Equity Fund and the BlackRock Asia Fund.
Chui has departed the firm to pursue other opportunities, a BlackRock spokesperson told FSA.
Ada Zhang, the director of the global emerging markets team, has replaced Chui to manage the BGF China Fund together with Lucy Liu.
In addition, Liu also took over Chui’s responsibilities as co-manager of the BGF Asian Dragon Fund. Stephen Andrews remains as co-manager of the fund.
Following Chui’s departure, Liu is now the sole portfolio manager for the BGF China Flexible Equity Fund.
The investment objective or process of the funds will not be changed, according to the firm.
Chui joined BlackRock in 2020 from Aberdeen Standard Investments to fill the gap of Alethea Leung, one of the co-managers of the Asian Dragon Fund.
The A2 share class USD of the BGF China fund posted a three-year cumulative return of 2.97% compared with a sector average of 3.38%.
The A2 share class USD of the BGF Asian Dragon Fund posted a three-year cumulative return of 9.92% versus a sector average of 12.54%.
Finally, The A2 share class USD of the BGF China Flexible Equity Fund posted a three-year cumulative return of -6.32% versus a sector average of 3.38%.