Singapore (21 September 2022) – Eastspring Investments (“Eastspring”), the USD 222 billion1 asset management business of Prudential plc, has appointed Matthew Appelstein, CFA, CPA, as Head of International Distribution.
Mr. Appelstein joined Eastspring in 2019 and will continue in his role as CEO of Eastspring’s Americas business, with responsibility for expanding the company’s reach across institutional, offshore and intermediary channels.
“Having established ourselves as a leading investment manager in Asia, we are committed to providing access to our range of solutions to global investors seeking enhanced Asian and emerging markets exposure,” said Wendy Lim, Global Head of Distribution, Marketing and Products at Eastspring Investments. “Following a comprehensive review, we have decided to bring together our international distribution offices – US and the UK – under the leadership of Matthew Appelstein. Matthew has played a key role in establishing our presence in the Americas, and his experience and insights will be invaluable as we seek to expand our business internationally.”
Mr. Appelstein has been in the financial industry for over 30 years, having held senior roles at leading asset management businesses, including RBC Global Asset Management where he was responsible for US business development. He was also Head of Global Distribution at Old Mutual Asset Management, and had responsibility for consultant relations and institutional business development at Fidelity Investments. Mr. Appelstein began his career as an auditor and consultant at Coopers & Lybrand.
In his new role, Mr. Appelstein will be responsible for leading the collaboration and coordination of Eastspring’s regional business lines outside Asia, reflecting the company’s continued commitment to provide access to its range of equities, fixed income and multi asset solutions to global investors.
Matthew Appelstein, CEO of Americas and Head of International Distribution, added:
“At a time when investors are seeking new sources of return and diversification, we believe we can provide a highly attractive proposition, through leveraging our extensive footprint in 11 key Asian markets and unique local insights, to provide exposure to best-of-breed opportunities. I look forward to working with my colleagues to bringing these solutions to clients and investors across international markets and demonstrating why we are the Asian experts.”
1 As of 30 June 2022.