New Head for BlackRock Alternative Investors Strategy Group,

BlackRock has hired Joseph Pacini as head of BlackRock Alternative Investors (BAI) strategy group, Asia Pacific ex Japan. Pacini will be based in Hong Kong and will be responsible for BlackRocks alternatives business across the region, including collaborating with BlackRocks

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BlackRock has hired Joseph Pacini as head of BlackRock Alternative Investors (BAI) strategy group, Asia Pacific ex-Japan.

Pacini will be based in Hong Kong and will be responsible for BlackRocks alternatives business across the region, including collaborating with BlackRocks global BAI strategy group to build out BlackRocks Asian alternatives platform and product offering.

Pacini comes to BlackRock from J.P. Morgan Private Bank (Asia) where he was the head of alternative investments.

Joseph brings a strong track record of building highly successful alternative investment teams in Asia, said Rick Arney, head of hedge funds for BAI strategy group. 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$105bn in alternative assets as at December 31, 2011 including hedge funds, private equity and real estate.

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