BlackRock has appointed Dominik Rohe as its new Australia chief as the $4.9 trillion asset manager seeks to beef up its operations Down Under.
Reporting to BlackRock Asia Pacific chairman Ryan Stork, Rohe will also join the firm’s global operating and Asia Pacific executive committees. He succeeds Justin Arter, who relocated to London after four years leading the team to head up the firm’s institutional client business in the UK, Middle East and Africa.
Rohe has been at BlackRock for more than a decade, having done stints in the US, UK, Germany and Latin America. He most recently led the firm's institutional and wealth lines of business across Latin America and Iberia.
“Australia is home to the world’s fourth largest pension market, and Dominik’s experience leading high-growth businesses in Latin America and Iberia will be a great asset to us,” Stork said in a statement.
“Demand for wealth creation and management solutions – retirement funding in particular – is a high priority for many of our clients in Australia,” Rohe added.
In its latest quarterly report, BlackRock described the past three months as a “strong quarter for capital raising in infrastructure,” with capital invested in or committed to the asset class totalling $8 billion”.
About 37 percent of BlackRock's long-term assets under management come from clients in EMEA and Asia Pacific.