Blackrock has hired a former Westpac banker to join as its head of wealth for Asia Pacific.

Guilherme Lima joins Blackrock as its head of wealth for APAC, according to a statement, based in Hong Kong.

Lima joins Blackrock from Westpac, where he led private banking, commercial banking and SME banking as chief executive of the business division from 2019. Previously, he also worked for HSBC for over a decade in various wealth-related roles in Hong Kong and Sau Paulo. Prior to joining HSBC, Lima was a partner at McKinsey in New York and Sao Paulo.

«Asia’s wealth market is on the cusp of remarkable expansion and transformation,» said Blackrock chair and head of APAC Rachel Lord. «The appointment of a head of wealth is an important step in the way we serve our clients in this space.»