BlackRock COO debates online distribution
The fund firm would be cautious about moving into direct sales, said Michael Marquardt, Asia chief operating officer, who has overseen a big rise in the size of his team in recent years.
With the focus growing in Asia on the potential for digital distribution of funds, the world's biggest asset manager seems as well placed as any to benefit from this trend.
But despite its huge reach and deep pockets, even BlackRock would need to take careful consideration before taking the plunge into direct sales via online channels.
China's Tianhong Asset Management has shown what can be achieved via electronic means with the success of its Yu’e Bao money-market fund via the …
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