Chris Shang, head of BlackRock's Asia private credit business division, has left the company, becoming another senior executive to depart the U.S. asset management firm, according to sources familiar with the matter.

The Hong Kong-based Shang resigned earlier this month, the sources said. One source indicated he is in discussions to join multi-asset investment platform Granite Asia.

BlackRock and Granite declined to comment, while Shang did not respond to requests for comment.

BlackRock's Asia operations have seen multiple senior executive departures over the past two years. Asia-Pacific private credit head Celia Yan left earlier this year to join Apollo Global Management. Indonesia private credit head Christopher Ganis departed in late 2023 to join the Indonesia Investment Authority. India private credit head Dhruva Agarwal has moved to DB Investment Partners.

Shang's departure adds to the challenges facing BlackRock's Asia private credit business. The company suspended fundraising for its latest Asia private credit fund earlier this year amid its merger with HPS Investment Partners.