BlackRock appoints Justin Arter as Australia head
Victorian Funds Management Corporation chief executive Justin Arter will commence with BlackRock Australia in September as the company's country head, assisting with plans to develop and grow the business throughout the Asia-Pacific.
Arter has headed the funds management arm of the Victorian Government since November 2009, assisting with the management of $35 billion in assets.
He also worked at Goldman Sachs JB Were for 18 years in roles including head of research, head of institutional equities and other strategy and proprietary trading management roles.
The appointment follows the launch of two new BlackRock Australian equity funds earlier this month.
BlackRock's chairman for the Asia-Pacific Mark McCombe said Arter's experience would be integral to their growth plans.
"His appointment reflects the importance we place on building our business in this compelling investment environment," McCombe said.
BlackRock Australia's Head of Scientific Investments Michael McCorry will act as country head until Arter begins with BlackRock in September 2012.
"Australian investors are seeking solutions which deliver enhanced returns and income amid a world of complex and interrelated markets. I am therefore delighted to be joining BlackRock - an organisation with global capabilities and a track record of strong performance across many asset classes," Arter said.
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