Blackrock hires Asia Pacific vice-chair

Hildebrand will also represent the firm to senior government officials and regulators, reporting directly to Laurence D. Fink, BlackRock's chairman and CEO. He will serve as a member of the firm's global executive committee, as well as its Asia Pacific and EMEA executives committees.

"Few leaders are as widely respected for their expertise, judgment and integrity as Philipp Hildebrand. He embodies superb qualities of intellect and character that are critical to earning our role as a trusted advisor to our clients," said Fink.

Hildebrand, who will work out of London, brings to the role almost 20 years of experience across asset management and banking, most recently as chairman of the Swiss National Bank (SNB). There he was a member of the SNB Governing Board from 2003 until January 2012, and was the youngest ever chairman when he was appointed to the position in January 2010.

He also served as director of the Bank for International Settlements in Basel and was vice chairman of the Financial Stability Board.

"I look forward to working closely with institutional clients across EMEA and Asia Pacific to understand their needs and address them with solutions that draw upon the full spectrum of BlackRock's global capabilities," added Hildebrand.

Earlier this week, BlackRock announced another appointment in Asia Pacific: Andrew Landman, CEO of Ascalon Capital, will join the firm as head of alternatives in Australia.

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