Eastspring Investments brings in deputy CEO as part of strategic expansion plans
15 October 2013
Category: News, Asia, Hong Kong
By Asia Asset Management
Eastspring Investments, the Asia asset management arm of Prudential Corporation Asia, is to add asset management veteran Michele Bang to its leadership team as part of its continued strategic expansion.
Ms. Bang brings more than 23 years of pan-Asian and international financial industry experience to the asset manager and will spearhead the global expansion of distribution, product and marketing efforts.
Her appointment as deputy chief executive follows the recent opening of Eastspring Investments’ European sales office in London, which will act as the region's sales hub. Last year, the fund house opened two offices in the US.
Reporting to Chief Executive Guy Strapp, Ms. Bang will take up her Hong Kong-based role later this year.
She joins the company from Deutsche Asset & Wealth Management where she has held a number of senior leadership roles and board seats in Asia. Over the past eight years she was responsible for multiple Asian markets and most recently was managing director, head of global client group, North Asia asset management. Prior to Deutsche Asset & Wealth Management, Ms. Bang managed the regional structured product distribution platform for CIBC, Toronto Dominion and Chemical Bank in Hong Kong and Tokyo.
Mr. Strapp said: “Michele's local and global asset management experience will contribute significantly to the overall strategic direction of the business as we implement our expansion plans. In the next phase of our growth strategy, we will take our Asian investment expertise to a global investor base and continue to drive growth in key markets in Asia.
“With a presence in 11 markets in Asia and more than 300 investment professionals in the region, we have unparalleled, on-the-ground investment expertise in unique core and niche Asian strategies.
“Michele will also work closely with our life insurance partner, Prudential, as well as our joint venture partners as part of these expansion plans.”