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BlackRock's China head Tang leaving the company
  + stars: | 2023-06-06 | by ( Selena Li | ) www.reuters.com   time to read: +1 min
HONG KONG, June 6 (Reuters) - BlackRock Inc's (BLK.N) head of China business, Tony Tang, is leaving the asset manager, the company said on Tuesday, after having played a key role in expanding operations in the world's second-largest economy. Susan Chan, BlackRock's deputy head of Asia Pacific and head of Greater China, is now directly overseeing its China onshore business, the company said. "China represents a significant opportunity for BlackRock to contribute to the financial futures of a new generation of investors," the company said. Tang, a former Chinese securities regulatory official, started as BlackRock's China business head in 2019, and has been one of the top aides to CEO Larry Fink. During Tang's tenure as China head, BlackRock established a wholly-owned China fund management unit and a joint venture with China Construction Bank and Temasek offering wealth management services to Chinese investors.
Persons: Tony Tang, Tang, Susan Chan, BlackRock's, Chan, Larry Fink, Selena Li, Kim Coghill, Edmund Klamann Organizations: BlackRock, Asia Pacific, China Construction Bank, Temasek, Thomson Locations: HONG KONG, China, Greater China, New York
The 45-year-old lactation consultant won about $10,000 by suing the moving company. There weren't a lot of options available when it came to moving companies, but she eventually found Gold Standard Relocation. Everything seemed normal on Wagner's moving day — until the movers didn't show up and the company wouldn't answer the phone. She'd already paid the moving company about $4,300 to transport and store more than 70 boxes of her things and many furniture pieces for six months. Fraudulent moving companies will often offer customers a low estimate and deposit price, and then demand additional exorbitant fees after taking their belongings hostage.
On the agenda today:But first: JPMorgan is asking senior managers to be in the office five days a week. The company told senior managers this week that they "have to be visible on the floor" in a memo asking managing directors to be in the office five days a week. Last month, Disney told employees they were expected to be back to the office four days a week. And Amazon said it wants all employees back in the office at least three days a week by next month, setting off both internal opposition and support, and a scramble to get office space ready. A dozen former Kittyhawk employees told Insider that Kittyhawk found itself torn between the conflicting visions and shifting priorities of its billionaire founder and his handpicked CEO.
Moving company scams are on the rise, and almost half originate in Florida. But the Sunshine State is also increasingly home to scammers operating fraudulent moving companies targeting Florida residents and people across the country. No one's regulating," Susan Chana Lask, a New York-based consumer rights attorney who settled a lawsuit last year with a Florida-based moving company, told Insider. Her office announced last November that it had shut down 19 fraudulent moving companies and recovered $27 million in fines and restitution from the scammers. The sharp increase in moving scams across the country has also prompted the Biden administration to announce it's taking action.
It’s a history that older Tucson Chinese residents say they have spent years trying to make more visible. To promote the endeavor, she organized the inaugural Tucson Chinese Chorizo Festival. The 15,000-square-foot Tucson Chinese Cultural Center is a bustling hub that’s part community center and part museum, and serves at least 5,000. On the walls are display boards with mini-profiles of long-gone Chinese grocery stores. The center also has a YouTube channel that includes a 2014 video on Chinese chorizo.
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