Eastspring shakes up investment department

Business_restructuringEastspring Investments, the Asian asset management arm of Prudential, has restructured its investment department and seen the departure of the chief investment officer Virginie Maisonneuve. Ooi Boon Peng will head an investment fund strategies team – one of two new teams resulting from the restructure. Peng also continues his current role as the chief executive for Eastspring Singapore and Hong Kong. Kelvin Blacklock, who is currently the chief investment officer for global asset solutions, becomes head of the new investment solutions team. Clients’ needs were becoming increasingly complex with many looking beyond single strategy investment products and traditional balanced portfolios, said Wai-Kwong Seck, chief executive of Eastspring. “As such we are restructuring our investment department to ensure we are well positioned for the future and fully able to capitalise on the current market opportunities,” Seck added. Eastspring said Maisonneuve had left her post as chief investment officer “to pursue other opportunities”. ©2019 funds global asia

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