BlackRock names new Asia head

Stork has been with BlackRock for more than 13 years, most recently as head of Aladdin, the company's integrated enterprise investment solution. He will move from New York to Hong Kong and take up his new position on June 1.

McCombe will continue to serve as Asia Pacific chairman until the end of 2014, after which Stork will assume the role. McCombe's elevation comes after Rob Goldstein was promoted from head of the institutional client business to COO.

"In Asia Pacific, Mark has put the region on a sustainable growth path by building a strong leadership team, sharpening our focus on clients by providing the right product mix, and delivering quality investment performance," said Laurence D. Fink, chairman and CEO of BlackRock, in a statement.

"He has also been instrumental in the growth of our alternatives and real estate investment capabilities, with the acquisition of MGPA in 2013."

BlackRock provides investment management, risk management and advisory services to institutional and retail clients globally. It had $4.3 trillion in assets under management as of year-end 2013. The acquisition of MGPA boosted the firm's real estate exposure in Asia.

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