BlackRock has installed Jason Collins as head of Australia, reporting to Andrew Landman, who was named deputy head of APAC last month.
In the new role, Collins will oversee all commercial and operational aspects of the local business.
The new country head - who was promoted from the role of deputy head of BlackRock Australasia - will continue to serve as an executive director on the boards of BlackRock Australia and New Zealand.
Arriving at BlackRock in 2013, he has held many senior roles including as head of iShares and Index Investments for Australia and New Zealand and head of client business in Australasia.
Before that, Collins held leadership roles at BT Financial Group and Deutsche Bank.
Landman - who is also head of Southeast Asia and Oceania and head of APAC Wealth said he was delighted to see Collins lead the Australian business.
"BlackRock's strong local team has enabled us to deliver consistency of leadership for our clients throughout Australia and New Zealand, which supports them in achieving positive investment outcomes for their respective member and client base over the long term."
Commenting on his appointment, Collins replied: "I am excited to lead a diverse and experienced Australian team and leverage BlackRock's global scale and expertise to benefit our partner firms and end investors.
"BlackRock seeks to make a meaningful impact in the markets we operate in, and we remain committed to furthering the development of the local industry in our role as a fiduciary to clients."