Jolly (pictured), who is currently Citi’s head of ETF and index sales Asia-Pacific, will be responsible for growing the iShares ETF business and popularising ETFs in the region. Asia-Pacific includes China, Korea, Australia, Japan, Hong Kong, Taiwan and Singapore.
He spent 18 years at Citi in a number of senior roles between 2002 and 2020. Prior to this, he was in the structured products division at Deutsche Bank for five years.
In his new role, Jolly will help build new ETFs and set the sales strategy, reporting to Susan Chan, who is head of iShares and index investing, Asia-Pacific, at BlackRock.
Chan commented: “I look forward to working with Rimmo to bring our suite of global and local products to investors in the region, and to raise awareness of using iShares ETFs as an instrument of active investment management.”