Eastspring Investments has appointed Wai-Kwong Seck as its new CEO, replacing Guy Strapp who has held the role for six years.
Seck will assume the new responsibility on 15 April 2019, with responsibility for developing the firm’s investment capabilities and expanding its global and local retail and institutional client base.
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He was most recently the Asia-Pacific CEO at State Street Bank & Trust Company, which he joined in 2011.
In his three-decade long financial career, he also spent eight years as the CFO of the Singapore Exchange.
Besides, he had stints at the Monetary Authority of Singapore, Government of Singapore Investment Corporation, Lehman Brothers and DBS Bank.
Strapp, who has spent 12 years at Eastspring, will now retire.
Prudential Corporation Asia CEO Nic Nicandrou said: “Wai-Kwong brings to the role not only invaluable investment insights, but a wealth of experience built up over a long and illustrious career.
“His outstanding track record of delivering growth and value to shareholders and clients will enable the long-term success of Eastspring.
“I would like to thank Guy for his contribution to Eastspring. He has played a key part in the evolution of Asia’s leading asset management business and the expansion of our high-quality investment teams over this period.”
Eastspring is the Asian investment management unit of insurer Prudential. The business managed $195bn in assets as of the end of September 2018.
