US-based asset manager PineBridge Investments has named Anthony Fasso as the new CEO for its Asia-Pacific business, replacing Rajeev Mittal.

Mittal has been at the helm of the Asia-Pacific unit for more than seven years.

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He moved to Fidelity International last month in the role of managing director for Asia-Pacific ex-Japan.

In the new role, Fasso will have oversight for Pinebridge’s distribution strategy across institutional and intermediary channels.

He will operate out of Pinebridge’s Hong Kong office and report to the CEO Greg Ehret.

Earlier, Fasso spent eight years at AMP Capital Investors.

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At AMP, he served as the Hong Kong-based CEO for international business and head of global clients division.

“Anthony’s deep leadership experience – in the industry as well as key distribution markets and channels across Asia-Pacific – position him well to lead our regional business to its next chapter of growth,” Ehret was quoted as saying by Asia Asset Management.

PineBridge managed $89.6bn in assets at the end of December 2018.

Among its clients are pension plans, insurance firms, official institutions, private banks, advisers and intermediaries. The business has 21 branches.

In Asia-Pacific, it has presence in Hong Kong, Kaohsiung, Kuala Lampur, Melbourne, Mumbai, Seoul, Singapore, Taichung, Taipei, and Tokyo.