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Blackrock Hires Former China Regulator - Blackrock, Inc. (nyse:blk) | Seeking Alpha

by seekingalpha.com posted 3months ago 18 views
BlackRock (NYSE:BLK) names Tang Xiadong, a onetime financial regulator, to head its operations in China, the Wall Street Journal reports. Though government officials moving to money management firms is nothing new in both the U.S. and China, a former Chinese regulator going to a U.S. asset manager is a relatively new twist. Tang, also known as Tony Tang, was most recently CEO of GF Securities, a mainland broker which last month disclosed that a hedge fund set up by a subsidiary incurred a $139M loss due to choppy and illiquid currency markets.

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