Andrew Swan departs BlackRock to return to Australia

Swan, who had been at BlackRock since 2011 and was based in Hong Kong, will be replaced by Gordon Fraser and Stephen Andrews, who will become co-heads of GEM equities, while Sam Vecht will become head of emerging Europe, frontiers and alternative strategies. The trio will all report to BlackRock's GEM CIO Belinda Boa. Andrews will replace Swan on the £148m BlackRock Asia Special Situations and $1.5bn BGF Asia Growth Leaders funds alongside current co-manager Emily Dong and on the £112m BlackRock Asia and $4bn BGF Asian Dragon funds alongside Alethea Leung. Swan will formally transi...