Singapore-headquartered Eastspring Investments, the $216 billion asset management arm of UK insurer Prudential, makes a senior hire.

Eastspring Investments has appointed Vis Nayar (pictured) as chief investment officer, starting in June.

Based in Singapore, Nayar will report to Eastspring’s chief executive officer Bill Maldonado and will join the Eastspring executive management committee, the firm said in a statement.

Nayar will be succeeding Maldonado who was CIO before his promotion to CEO in September, and who has been serving as interim CIO.

Nayar will be joining from HSBC Asset Management where he has spent the past 25 years, most recently as global chief investment officer for equities, overseeing the global active equity business. Prior to that, he was the European and UK chief investment officer and before that, the global head for quantitative equity research and head of systematic equities.

“Vis’ experience and expertise, combined with his ability in driving a high-performance culture, will bolster our capabilities and strengthen our investment offerings,” Maldonado said.