Blackstone has announced that Kimberly Kim will be joining the firm as a Senior Managing Director. In her new role, she will lead the APAC Insurance Institutional Client Solutions division for Blackstone Credit & Insurance (BXCI). This position has been created specifically to support the firm’s strategic initiative of expanding its footprint in the Asia-Pacific (APAC) region, which is becoming increasingly vital for its business growth.
Kimberly Kim has a notable background, with over 20 years of experience in the insurance market within the APAC region. Prior to her appointment at Blackstone, she was with BlackRock, where she played a crucial role as the Head of Financial Institutions Coverage in APAC, overseeing significant investment strategies and client relationships.
Blackstone is currently managing an impressive portfolio of over $250 billion in insurance client capital across a range of investment strategies, which include private credit, liquid credit, and others. This represents a remarkable 20% increase in assets from the previous year. Furthermore, Blackstone oversees $484 billion in corporate and real estate credit assets, thereby positioning itself as the world’s largest credit business focused on third-party clients.
BXCI is actively and significantly scaling its operations in the APAC region. Over the past three years, the team has been involved in more than 20 investment deals in the area, demonstrating its growth and strategic focus.
The firm has also expanded its relationships with investors, particularly with several of the largest insurers in the region. Additionally, to support this expansion, BXCI has doubled its headcount, making key hires in major financial hubs including Sydney, Tokyo, Hong Kong, and Singapore.
KEY QUOTES:
“Kimberly will play an instrumental role as we continue to expand BXCI’s presence across APAC. She adds to Blackstone’s deep bench of talent in the region, which has been a key driver of our differentiation and success for more than two decades.”
Tyler Dickson, Global Head of Client Relations for BXCI
“Kimberly’s appointment reflects our commitment to growing our world-class insurance platform and deepening our relationships in APAC. Building our international insurance capabilities is a key pillar of our BXCI strategy. We see a significant opportunity to serve more of this important client base in the region, delivering value for insurers and their underlying policyholders.”
Philip Sherrill, Global Head of Insurance for BXCI
