BlackRock's GIP Said to Hire for Southeast Asia Infrastructure
The firm, which manages more than $170 billion in assets, is hiring a regional head for infrastructure debt based in Singapore, said the people, who asked not to be named discussing private deliberations.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNN
21 minutes ago
- CNN
On GPS: The end of the US-India friendship?
This week, President Trump announced that India's new base tariff rate of 25% would rise to a whopping 50% later this month — as punishment for buying Russian oil. Will this tariff fight destroy the US-India strategic friendship? Fareed talks to Indian journalist Barkha Dutt.
Yahoo
23 minutes ago
- Yahoo
U.S. Spot XRP ETFs: Five Possible Reasons Behind BlackRock's Hesitation to File for One
BlackRock has made bold moves into bitcoin and ether ETFs, but on Friday, the asset manager said it had no immediate plans to file for a spot XRP exchange-traded fund (ETF), dashing the community's hopes that its entry could help extend XRP's 2025 rally. This statement — made the day after the U.S. Securities and Exchange Commission (SEC) and Ripple Labs jointly asked an appeals court to dismiss their respective appeals, signaling an end to their nearly five-year legal battle — has left investors questioning why BlackRock remains on the sidelines. Invest in Gold Thor Metals Group: Best Overall Gold IRA Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase American Hartford Gold: #1 Precious Metals Dealer in the Nation While several asset managers, including ProShares, Grayscale, and Bitwise, have filed for XRP ETFs since late 2024, BlackRock's absence is notable, especially given its dominance in the bitcoin and ether ETF markets. Here are five reasons why BlackRock appears in no hurry to launch a spot XRP ETF, despite the XRP community's anticipation of a demand-driven price surge. First, BlackRock has cited limited client interest in cryptocurrencies beyond BTC and ETH. Back in March 2024, Robert Mitchnick, the asset manager's head of digital assets, said that there's a misconception that BlackRock will have a "long tail" of other crypto services. "I can say that for our client base, bitcoin is overwhelmingly the No. 1 focus and a little bit ethereum," he said during a fireside chat at the inaugural Bitcoin Investor Day conference in New York on March 22. Second, BlackRock's strategic caution around regulatory uncertainty plays a role. Although XRP sales on public exchanges are deemed non-securities, the broader regulatory framework for altcoins remains murky. BlackRock may be waiting for clearer SEC guidelines before entering the altcoin ETF space. The firm's conservative approach contrasts with competitors like ProShares, which filed for a spot XRP ETF in January 2025 alongside leveraged and futures-based XRP ETFs, the latter tracking XRP futures contracts rather than the token's spot price. Third, BlackRock may see diminishing returns in pursuing a spot XRP ETF given the crowded field. As of August 2025, at least seven firms, including Grayscale, Franklin Templeton and 21Shares, have a pending spot XRP ETF application. Fourth, the XRP community's expectations of a price surge may not align with BlackRock's data-driven strategy. Polymarket odds for the SEC approving a spot XTP ETF in 2025 stand at 77%. BlackRock's tokenized money market fund on Ethereum and Solana shows blockchain interest, but XRP's smaller market footprint may not justify the operational costs of a new ETF. Finally, BlackRock's global perspective prioritizes markets where XRP demand is less pronounced. While the XRP community, active on platforms like X, anticipates a spot ETF driving demand, much of XRP's trading volume comes from Asia, where BlackRock's ETF presence is less dominant. At press time, XRP was trading around $3.1852, down 3.92% in the past 24 hours, according to CoinDesk Data. Sign in to access your portfolio
Bloomberg
24 minutes ago
- Bloomberg
China Spotlight: Hong Kong's Tech Future & Strategic Investment Opportunities
Join us for the second installment of our exclusive China Spotlight webinar series, tailored for buyside professionals interested in the dynamic investment landscape of China. In this session, we'll analyze how the combination of high tariffs and loose monetary and fiscal policies could reshape the outlook for global growth, dollar liquidity, and asset allocation. We'll also explore how Asian economies, holding a significant long-dollar legacy position, can navigate these changes, and highlight the unique advantages of Hong Kong as a major financial center backed by RMB assets. This in-depth session will cover: The significant trend of over 42 A-share technology companies and their subsidiaries filing for secondary listings in Hong Kong The impact on Hong Kong's tech sector composition & which segments are poised for global competitiveness Whether the Hang Seng Tech Index can evolve into a growth benchmark comparable to the Nasdaq QQQ Hong Kong's position as a global and technology financial center Key highlights on Hong Kong's push for stablecoins Don't miss this opportunity to gain important insights into Hong Kong's strategic role in the global financial and technology markets. AI-generated subtitles will be provided in your preferred language. Speakers Kelvin Teo Senior Vice President, Head of Asia Global Issuer Services Hong Kong Exchanges and Clearing Limited (HKEX) Mr Kelvin Teo joined HKEX as Senior Vice President, Head of Asia, Global Issuer Services in February 2025. Prior to joining HKEX, Mr. Teo served as the Head of Equity Capital Markets for Asia Pacific at Barclays, leading the rebuild of the cash equities origination business across both public and private equity. Kelvin brings along more than 20 years of capital markets experience across investment banking and private banking. Prior to Barclays, he also held positions at Credit Suisse, JPMorgan, Macquarie, and Bank of Singapore, working across Hong Kong, Singapore, and Sydney (Australia). Mr. Teo holds a Bachelor of Accountancy (Hons.) from Nanyang Technological University, Singapore. Eva Yi Chief Economist Huatai Financial Degrees in Economics and Fine Arts from Mount Holyoke College (Massachusetts, US). Eva YI has worked in the securities industry for over 19 years, with working experience at CICC, Goldman Sachs, and private equity funds. She served as Chief China Economist, Head of Economics Team and Managing Director at CICC during March 2015- September 2020. Eva YI served as China & Asia Economist at Goldman Sachs (Asia) during 2004-2009 after working at the Federal Reserve Bank of Boston. During 2009-2013, Ms. YI served as Chief Economist and Strategist at Keywise Capital Management in Hong Kong SAR. In early 2013, Ms. YI launched Calabas Capital Ltd. and served as portfolio manager in 2013-2015. Ms. YI specializes in economy and prices of asset classes in China and beyond, and conducts research in an easy-to-understand and market-oriented manner, with a focus on systematic economic fundamentals and variable forecasts. Ms. YI came as one of the top-ranked China Economists at the Institutional Investor China Poll during 2017-2022. Leping Huang Chief Analyst for Global Tech Strategy Huatai Financial PhD in Information & Communication Engineering from University of Tokyo , Bachelor's degree in Electronic Engineering from Shanghai Jiao Tong University. Global Tech Strategy QI Tengyuan CHEN Xudong YU Keyi LIU Jun joined Huatai Research in 2023. He began researching new energy, utilities and electrical equipment in 2009, with 12/2 years of sell/buy-side experience. Mr. LIU joined CICC in 2017 as the Chief Analyst for Utilities and New Energy before working at PinPOINT. Mr. LIU specializes in analyzing energy transformation-related industrial trends, forward-looking technologies and policy changes, as well as mediumand-long-term issues like the evolution of global industry landscape. SHI Jinfeng joined Huatai Securities in February 2024, specializing in economic policies, industrial policies, and public policy analysis. Mr. SHI worked at Credit Suisse during 2014-2023, with a focus on economic and market strategy research. He came third in All-Asia Best Sell-Side Analyst Poll for Equity Strategy organized by Institutional Investor in 2023. HUANG Leiping specializes in semiconductors, mobile phone industry chain, telecommunications, and cloud computing, as well as cutting-edge technologies such as AI, autonomous driving, blockchain, digital currencies, commercial space exploration, satellite internet, brain-computer interface, and quantum computing. He once worked at Nokia, Nomura, and CICC. Sharnie Wong Senior Analyst, Diversified Financials Bloomberg Intelligence Sharnie Wong is a Senior Research Analyst for Bloomberg Intelligence specializing in the diversified financials sector including brokers, exchanges and asset managers across the Asia Pacific region. Prior to joining Bloomberg, she spent a decade as a sell-side equities research analyst with global investment banks including Barclays and RBS/ABN AMRO covering banks in Asia. She started her career with PricewaterhouseCoopers in Sydney and is a Chartered Accountant (CA). Sharnie holds a Bachelor of Commerce degree from the University of New South Wales. Francis Chan Senior Analyst – APAC Banks & Fintech Bloomberg Intelligence Francis has been covering the Asian financial sector for more than 12 years, having held various senior analyst roles at both buy- and sell-side firms such as Bear Stearns, MF Global and Mirae Asset Management. Prior to joining Bloomberg Intelligence, he served as senior vice president of research for Chinese financials at ABCI Securities. At MF Global, Francis was head of Asian insurance research and previously served as vice president of banking and insurance research at Bear Stearns. Francis holds a Bachelor of Arts in Japanese Studies from the University of Hong Kong and a M.B.A. in Finance and Accounting from the McDonough School of Business at Georgetown University.
