Eastspring Investments, the Asia asset management arm of Prudential Corporation Asia, today announced the addition of asset management veteran Michele Bang to its leadership team as part of the firm's continued strategic expansion.
Ms Bang brings more than 23 years of pan-Asian and international financial industry experience to the asset manager and will spearhead the global expansion of distribution, product and marketing efforts.
Her appointment as Deputy Chief Executive follows the recent opening of Eastspring Investment's European sales office in London, which will act as the region's sales hub. Last year, the fund house opened two offices in the US.
Reporting to Chief Executive, Guy Strapp, she will take up her Hong Kong-based role later this year.
Ms Bang joins Eastspring Investments from Deutsche Asset & Wealth Management where she has held a number of senior leadership roles and board seats in Asia. Over the past eight years she was responsible for multiple Asian markets and most recently was Managing Director, Head of Global Client Group, North Asia Asset Management.
"Michele's local and global asset management experience will contribute significantly to the overall strategic direction of the business as we implement our expansion plans. In the next phase of our growth strategy, we will take our Asian investment expertise to a global investor base and continue to drive growth in key markets in Asia," Mr Strapp said.
"With a presence in 11 markets in Asia and more than 300 investment professionals in the region, we have unparalleled, on-the-ground investment expertise in unique core and niche Asian strategies," he said.
"Michele will also work closely with our life insurance partner, Prudential, as well as our joint venture partners as part of these expansion plans," Mr Strapp said.
Prior to Deutsche Asset & Wealth Management, Michele managed the regional structured product distribution platform for CIBC, Toronto Dominion and Chemical Bank in Hong Kong and Tokyo.
In 2011, Asian Investor voted Ms Bang among the Top 25 Most Influential Women in Asset Management in the Asia Pacific Region.
Deputy Chief Executive,