Blackrock has appointed Guilherme Lima as its Asia Pacific head of wealth. Based in Hong Kong, he will work with wealth managers, private banks and family offices to develop strategies that draw from the full spectrum of the firm’s offerings to address the needs of wealthy clients in the region.
Lima’s appointment comes as several firms are trying to bolster their APAC wealth management teams to tap into the region’s strong growth prospects. In a statement, BlackRock said the newly created role given to Lima signals its desire to lead the region’s fast-growing wealth segment.
“Asia’s wealth market is on the cusp of remarkable expansion and transformation,” said BlackRock’s chair and head of APAC, Rachel Lord.
“Guil’s decades of experience across global platforms bring together the best market and wealth management practices to the benefit of clients and will help us achieve our growth ambitions in APAC,” Lord added.
Lima has over 24 years of experience in banking and consulting in Asia, Europe, Latin America and the United States. He was most recently the CEO of Westpac’s business division, leading private, commercial and SME banking from 2019.
Previously, he spent more than a decade with HSBC, for which he played a variety of Hong Kong-based leadership roles in Wealth, Premier Banking and Strategy. Beyond Asia, he was Regional Head of Retail Banking and Wealth Management for HSBC Latin America in Sao Paulo, and Chief of Staff to the Group CEO in London. And before HSBC, he was a Partner at McKinsey in New York and Sao Paulo.
