Eastspring Investments Names New CEO

Tom Burroughes

25 January 2019

, the Asian investment management wing of UK-listed Prudential plc, has appointed Wai-Kwong Seck as its chief executive, taking over from Guy Strapp, who is retiring after a 12-year stint at the firm.

Strapp had been the CEO for the last six years and remains in the business until April to ensure there is a smooth handover to Wai-Kwong. The new CEO takes up the post on 15 April.

Wai-Kwong has more than 30 years’ investment and senior management experience. He joins from State Street Bank & Trust Company, where he was the CEO of the Asia-Pacific region based in Hong Kong. He has worked across Asia and the US, spanning wealth and asset management in both the institutional and retail space, investment banking, M&A, business development, and the stock exchange. Prior to joining State Street in 2011, he was the chief financial officer of the Singapore Exchange for eight years. Previously he held senior-level positions in The Monetary Authority of Singapore, the Government of Singapore Investment Corporation, Lehman Brothers and DBS Bank.

At the end of September last year Eastspring had $195 billion of assets under management.

Late last year Eastspring officially opened its wholly foreign-owned enterprise in China, and last May it appointed Ooi Boon Peng as chief executive of its Singapore office. This is one of several changes in its senior management line-up.