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Prudential Names CEO Of Eastspring Investments

Amanda Cheesley Deputy Editor 30 August 2023

Prudential Names CEO Of Eastspring Investments

The new CEO has 30 years of asset management experience and a track record of leading investment teams globally. 

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. 

A new CIO for Eastspring Investments will be appointed in due course, the firm added. 

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.

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