The head of Asia-Pacific at the world’s largest asset manager BlackRock said she was confident that an exodus of foreign talent was temporary, and that the region remained attractive despite border closures, repeated lockdowns and political tensions.
Rachel Lord said that during the coronavirus pandemic there had been “a lot more stress in Asia for expatriates” and that this had been a “catalyst for more moves home”.
At the same time, because of border restrictions in Asian countries — which lasted much longer than those in the US and Europe earlier in the pandemic — “we haven’t seen what is normally a flow of incoming talent in the way that we would have done previously”.
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