BlackRock appoints Joseph Pacini as Head of BlackRock Alternative Investors Strategy Group, Asia Pacific ex-Japan
Announcement posted by FCR (Financial & Corporate Relations Pty Limited) 12 Mar 2012
Hong Kong and Singapore, March 12, 2012 – BlackRock, Inc. (NYSE: BLK) is delighted to
announce the appointment of Joseph Pacini as Head of BlackRock Alternative Investors (BAI)
Strategy Group, Asia Pacific ex-Japan. Based in Hong Kong, Mr. Pacini will be responsible for driving
BlackRock’s alternatives business across the region.
Mr. Pacini will work in close collaboration with BlackRock’s Global BAI Strategy Group to develop
client-focused alternative investment strategies and build out BlackRock’s Asian alternatives platform
and product offering.
Mark McCombe, BlackRock's Chairman, Asia Pacific said: “Many investors, realising that returns
from conventional asset classes alone won’t be enough to fund their retirement and other future
liabilities, are searching for answers to the challenge of growing income and wealth in a world
characterised by low yields and market volatility. Diversifying into alternative assets, including
commodities and real estate, has the potential to provide above average returns and manage risk,
since alternatives tend not to move in tandem with stocks and bonds.
“We believe investors looking to build dynamic and diversified portfolios should consider alternatives
and investing in our team ensures we provide the leadership our clients need in this area.”
Rick Arney, Head of Hedge Funds for BAI Strategy Group added: “The recruitment of Joseph is a
significant milestone in BlackRock’s commitment to building a world-class alternatives business in the
Asia Pacific.
“Joseph brings a strong track record of building highly successful alternative investment teams in
Asia. His deep experience and industry insights will help us build an alternatives platform that offers
investors the returns and diversification they are seeking to help their portfolios grow and meet their
future needs.”
Globally, BlackRock manages approximately US$105 billion in alternative assets as at December 31,
2011 including hedge funds, private equity and real estate.
Mr. Pacini joins BlackRock from J.P. Morgan Private Bank (Asia), where he was the Head of
Alternative Investments. His appointment is with effect from March 1, 2012.
- ENDS -
About Joseph Pacini
Joseph Pacini headed J.P. Morgan Private Bank (Asia)’s Alternative Investments team and was
responsible for J.P Morgan Private Bank (Asia)’s alternative assets in Asia. Before moving to Asia in
2007, Joseph was a member of the J.P. Morgan Alternative Investments Due Diligence Team based
in New York. Prior to joining J.P. Morgan in 2003, he worked at Bain Capital in London.
About BlackRock
BlackRock is a leader in investment management, risk management and advisory services for
institutional and retail clients worldwide. At December 31, 2011, BlackRock’s AUM was US$3.51
trillion. BlackRock offers products that span the risk spectrum to meet clients’ needs, including active,
enhanced and index strategies across markets and asset classes. Products are offered in a variety of
structures including separate accounts, mutual funds, iShares (exchange-traded funds), and other
pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise
investment system services to a broad base of institutional investors through BlackRock Solutions.
Headquartered in New York City, as of December 31, 2011, the firm has approximately 10,100
employees in 27 countries and a major presence in key global markets, including North and South
America, Europe, Asia, Australia, and the Middle East and Africa. For additional information, please
visit the Company's website at www.blackrock.com.
Disclaimer
Issued by BlackRock Investment Management (Australia) Limited (AFS License No.
230523, ABN 13 006 165 975) 2012 BlackRock. All rights reserved.
announce the appointment of Joseph Pacini as Head of BlackRock Alternative Investors (BAI)
Strategy Group, Asia Pacific ex-Japan. Based in Hong Kong, Mr. Pacini will be responsible for driving
BlackRock’s alternatives business across the region.
Mr. Pacini will work in close collaboration with BlackRock’s Global BAI Strategy Group to develop
client-focused alternative investment strategies and build out BlackRock’s Asian alternatives platform
and product offering.
Mark McCombe, BlackRock's Chairman, Asia Pacific said: “Many investors, realising that returns
from conventional asset classes alone won’t be enough to fund their retirement and other future
liabilities, are searching for answers to the challenge of growing income and wealth in a world
characterised by low yields and market volatility. Diversifying into alternative assets, including
commodities and real estate, has the potential to provide above average returns and manage risk,
since alternatives tend not to move in tandem with stocks and bonds.
“We believe investors looking to build dynamic and diversified portfolios should consider alternatives
and investing in our team ensures we provide the leadership our clients need in this area.”
Rick Arney, Head of Hedge Funds for BAI Strategy Group added: “The recruitment of Joseph is a
significant milestone in BlackRock’s commitment to building a world-class alternatives business in the
Asia Pacific.
“Joseph brings a strong track record of building highly successful alternative investment teams in
Asia. His deep experience and industry insights will help us build an alternatives platform that offers
investors the returns and diversification they are seeking to help their portfolios grow and meet their
future needs.”
Globally, BlackRock manages approximately US$105 billion in alternative assets as at December 31,
2011 including hedge funds, private equity and real estate.
Mr. Pacini joins BlackRock from J.P. Morgan Private Bank (Asia), where he was the Head of
Alternative Investments. His appointment is with effect from March 1, 2012.
- ENDS -
About Joseph Pacini
Joseph Pacini headed J.P. Morgan Private Bank (Asia)’s Alternative Investments team and was
responsible for J.P Morgan Private Bank (Asia)’s alternative assets in Asia. Before moving to Asia in
2007, Joseph was a member of the J.P. Morgan Alternative Investments Due Diligence Team based
in New York. Prior to joining J.P. Morgan in 2003, he worked at Bain Capital in London.
About BlackRock
BlackRock is a leader in investment management, risk management and advisory services for
institutional and retail clients worldwide. At December 31, 2011, BlackRock’s AUM was US$3.51
trillion. BlackRock offers products that span the risk spectrum to meet clients’ needs, including active,
enhanced and index strategies across markets and asset classes. Products are offered in a variety of
structures including separate accounts, mutual funds, iShares (exchange-traded funds), and other
pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise
investment system services to a broad base of institutional investors through BlackRock Solutions.
Headquartered in New York City, as of December 31, 2011, the firm has approximately 10,100
employees in 27 countries and a major presence in key global markets, including North and South
America, Europe, Asia, Australia, and the Middle East and Africa. For additional information, please
visit the Company's website at www.blackrock.com.
Disclaimer
Issued by BlackRock Investment Management (Australia) Limited (AFS License No.
230523, ABN 13 006 165 975) 2012 BlackRock. All rights reserved.