Eastspring Investments, the $254bn Asian investment management arm of Prudential, has appointed Bill Maldonado as its new head of equities.
Maldonado will assume his role on 6 September 2021, subject to regulatory approval.
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The company said that appointment is a strategic investment aimed at expanding its leadership capabilities.
Bill will be based in Singapore and will focus on managing and further diversifying Eastspring’s equity strategies. He will report to Eastspring portfolio strategies head Boon Ooi.
Bill has around 30 years of experience in global asset management market. He was most recently Asia Pacific chief investment officer and global chief investment officer at HSBC Global Asset Management Equities.
Eastspring CEO Wai-Kwong Seck said: “Bill’s appointment is aligned with our ongoing commitment to evolve our offerings in a fast-changing market environment, and to deliver innovative, high quality investment solutions for our clients.
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By GlobalData“Strengthening our Eastspring Portfolio Strategies team is an important step towards achieving our ambition of establishing an equity leadership position in Asia and expanding Eastspring’s reach beyond Asia.”
Maldonado : “Eastspring has a rich heritage and successful track record managing equity strategies in Asia. I am very excited and look forward to working closely with the team to further build, diversify and expand our equity capabilities to meet the evolving needs of our clients and distribution partners.”
In 2019, Eastspring agreed to purchase a 50.1% stake in Thanachart Fund Management, a Thailand-based mutual fund manager, in a deal valued at £108m.
