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The new CEO has 30 years of asset management experience and a track record of leading investment teams globally.Â
Prudential has
appointed Bill Maldonado as chief executive officer of its asset
management business, Eastspring
Investments.
Starting in September and based in Singapore, Maldonado will
report to Prudential’s CEO Anil Wadhwani and will join the
Prudential Group Executive Committee, the firm said in a
statement.
Maldonado has been serving as interim CEO since April, following
Wai-Kwong Seck’s decision to retire from the firm after four
years as CEO. See more here.
Maldonado, who joined Eastspring Investments in September
2021, has been chief investment officer since May 2022. In
this capacity, he spearheaded the Eastspring Investments platform
across equities, fixed income, multi-asset, quantitative and
alternatives, overseeing the firm’s investment strategies and
products, the firm said.
Maldonado has 30 years of asset management experience and a track
record of leading investment teams globally. Prior to joining
Eastspring, Maldonado served as the Asia Pacific CIO and global
CIO, equities at HSBC Global Asset Management.Â
A new CIO for Eastspring Investments will be appointed in due
course, the firm added.Â
Eastspring Investments, part of Prudential, is an Asia-based
asset manager that manages over $221 billion of assets on behalf
of institutional and retail clients.
Prudential provides life and health insurance and asset
management in 24 markets across Asia and Africa, with dual
primary listings on the Stock Exchange of Hong Kong (2378) and
the London Stock Exchange (PRU). It also has a secondary listing
on the Singapore Stock Exchange (K6S) and a listing on the New
York Stock Exchange (PUK) in the form of American depositary
receipts.