BlackRock hires new MD for private credit in Asia

Global asset manager BlackRock has appointed Justin Ferrier as managing director of its Asian Private Credit platform.

Prior to joining BlackRock, Ferrier was previously the founder and chief executive officer of Myo Capital, as well as a director at ADM Capital. He has over 16 years in private lending and special situations investments.

“Banks have been retreating from traditional lending activities following post-crisis regulations. This shift creates attractive opportunities for private, non-bank lenders like BlackRock to provide private credit to satisfy capital needs,” said Neeraj Seth, BlackRock’s head of Asian Credit.

“Justin’s experience in this area is an important addition to the local investment team, as we continue to develop our private credit capabilities across a spectrum of risk, geography and liquidity and provide our investors with diversified sources of return,” he added.

In his new role, Ferrier will assume portfolio management responsibilities for private credit investments, with a focus on mid-market and special situations in Asia. He will be based in Singapore and report to Seth.

BlackRock is a global investment manager with $4.737 trillion AUM at March 31, 2016. The company’s global fundamental credit platform has a team of over 150 investment professionals managing $137 billion of assets.