BlackRock Hires HSBC’s Goldberg for Emerging-Market Debt

BlackRock Inc., the world’s largest asset manager, hired Pablo Goldberg from HSBC Holdings Plc to be a money manager and senior strategist for its emerging-markets fixed-income business.

Goldberg, 45, will be based in New York and report to London-based Sergio Trigo Paz, BlackRock spokeswoman Jessica Greaney said in a phone interview from New York. At HSBC, he was head of emerging-market research. Before that, he was chief economist for Latin America at Merrill Lynch & Co., where he worked from 2000 to 2008.

BlackRock has been building up its presence in developing countries after emerging-market corporate debt outstanding tripled to $1.1 trillion over the past five years. Trigo Paz was hired in 2012 from BNP Paribas Investment to create a new emerging-market debt team. In 2013, New York-based BlackRock recruited Gerardo Rodriguez Regordosa, a former Mexican undersecretary of finance and public credit, as a managing director.

Goldberg joined HBSC in 2008 as head of Latin America fixed-income research and had led emerging-market research since 2010. He has a master’s degree in economics from the London School of Economics.