$10 Trillion BlackRock Hires 13-Year Private Credit Veteran Yik Ley Chan as Director to Lead Private Credit Efforts in Southeast Asia, 16 Years of Financial Services Experience Including at Investment Bank Jefferies & Credit Suisse
5th June 2024 | Hong Kong
The world’s largest asset manager BlackRock with $10 trillion AUM (Assets under Management) has hired 13-year private credit veteran Yik Ley Chan as Director to lead Private Credit in Southeast Asia. Yik Ley Chan has over 16 years of financial services experience including at investment bank Jefferies (Asia Head of Private Credit) & Credit Suisse (Senior Structurer, Southeast Asia & Frontier markets). BlackRock Global Private Debt platform manages $85 billion, and has more than 210 investment professionals globally. BlackRock (4/6/24): “BlackRock today appointed Yik Ley Chan to lead the firm’s private credit efforts in Southeast Asia. Yik Ley will be based in Singapore and responsible for the origination and execution of private credit investments. The appointment takes effect in July 2024. Yik Ley holds 16 years’ experience in financial services, of which more than 13 years were spent on structuring private credit and financing solutions. He was most recently Asia Head of Private Credit at Jefferies, where he oversaw markets in Southeast Asia including Singapore, Malaysia, Vietnam, Indonesia and the Philippines. Yik Ley previously played a senior structurer role for Credit Suisse, covering Southeast Asia and frontier markets. BlackRock’s Global Private Debt platform manages US$85 billion across the asset class. The Global Private Debt team comprises 210+ investment professionals in over 18 cities globally as of December 2023, and holds more than 23 years’ cycle-tested investment experience. BlackRock’s APAC Private Credit platform currently invests in opportunities throughout Australasia, South Korea, Japan, Greater China, India, and Southeast Asia.” In 2023 December, BlackRock hired Nomura Stephen Allan as Head of Australasia Private Credit to lead origination & sourcing of private credit investments in Australia & New Zealand.
“ $10 Trillion BlackRock Hires 13-Year Private Credit Veteran Yik Ley Chan as Director to Lead Private Credit Efforts in Southeast Asia, 16 Years of Financial Services Experience Including at Investment Bank Jefferies & Credit Suisse “
Celia Yan, Head of APAC Private Credit, BlackRock: “Southeast Asia is an exciting region offering promising opportunities for private credit, as corporates look for ways to finance transformation beyond traditional avenues. Yik Ley’s wealth of investment experience and local insights will be of immense value to our clients, while strengthening our investment capabilities throughout developed and emerging markets in APAC.”
Deborah Ho, Country Head of Singapore & Head of Southeast Asia, BlackRock: “We are pleased to have Yik Ley joining us to strengthen our on-the-ground investment capability. Client demand for private markets investments has increased dramatically – a trend we believe is here to stay. We look forward to drawing on Yik Ley’s experience to create attractive opportunities for our clients.”
BlackRock Hires Nomura Stephen Allan as Head of Australasia Private Credit to Lead Origination & Sourcing of Private Credit Investments in Australia & New Zealand, BlackRock Global Private Debt Manages $84 Billion AUM
23rd December 2023 – BlackRock has hired Nomura Stephen Allan as Head of Australasia Private Credit to lead origination & sourcing of private credit investments in Australia & New Zealand. BlackRock Global Private Debt platform manages $84 billion AUM, and has more than 200+ investment professionals globally. BlackRock: “BlackRock today named Stephen Allan as Head of Australasia Private Credit. Based in Sydney, Mr Allan takes on responsibility for leading the origination and sourcing of private credit investments in Australia and New Zealand. He also plays an active role in the investment process – from deal structuring and execution through to monitoring performance. Drawing on nearly 20 years’ experience in credit deal origination and sourcing, Mr Allan joins BlackRock from Nomura, where he was responsible for the origination, structuring, and syndication of illiquid credit opportunities in Australia and New Zealand. Before joining Nomura in 2010, Mr Allan served Lloyds International in Sydney, where he was involved in transaction restructuring of distressed corporate, real estate and leveraged finance accounts in their business support unit. BlackRock’s Global Private Debt platform manages US$84 billion across the asset class. The Global Private Debt team comprises 200+ investment professionals in over 18 cities globally as of August 2023, and holds more than 22 years’ cycle-tested investment experience.”
Celia Yan, Head of APAC Private Credit, BlackRock: “Private credit continues to gain a significant share of client portfolios, thanks to attractive risk-adjusted returns and diversification benefits throughout economic cycles. Stephen’s extensive market knowledge complements our wealth of local expertise throughout Australia, China, India, New Zealand, and Southeast Asia – to the benefits of clients. His expertise helps advance our ability to provide customized and diversified private debt solutions that meet specific client needs.”
Andrew Landman, Head of Australasia, BlackRock: “Institutional investors and superannuation funds in Australia are looking for ways to add greater diversification to their portfolios – against a macro backdrop of rising rates and inflation. Clients will benefit from Stephen’s solid track record in generating opportunities throughout private credit markets in Australia and New Zealand, and we look forward to working closely with him.”
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