22 May 2025
Prudential plc announces appointment of new CEO for Eastspring as Bill Maldonado retires
SINGAPORE (22 May 2025) – Prudential plc (“Prudential”) has today announced the appointment of Rajeev Mittal, as Chief Executive Officer (CEO) for Prudential’s asset management business, Eastspring Investments.
The appointment is effective 1 July 2025. Based in Singapore, Rajeev will report to Prudential plc CEO Anil Wadhwani and will join the Prudential Group Executive Committee.
Rajeev’s appointment follows the decision by Bill Maldonado to retire and return to the UK, where his family has been living for the past four years.
Bill will continue to be an advisor to the business until the end of September, ensuring continuity and a seamless transition and will also continue to serve as a Board member of ICICI Prudential Asset Management Company Limited.
Rajeev brings over 30 years of asset management experience in Asia and Europe. Most recently, he served as Managing Director and Head of Asia at Fidelity International, spearheading the growth in the Asia Pacific & Middle East (excluding Japan) markets. Prior to Fidelity, Rajeev spent 26 years at AIG and PineBridge Investments, initially as an investor before serving as CEO of PineBridge Europe and later CEO of PineBridge Asia Pacific.
Commenting on the announcement, Prudential plc CEO Anil Wadhwani said: “Firstly, I would like to express my sincere gratitude to Bill for his impactful contribution to Prudential. He drove the growth of our Eastspring business, strengthened the leadership team, and clearly defining priorities shaping the future of Eastspring. Bill has been a role model and a valued leader at Prudential, and we wish him the very best in his retirement.
"As we look to the future, I am delighted to welcome Rajeev to Prudential, whose deep expertise in the Asian markets, combined with a proven track record in managing and developing asset management businesses and client relationships, position him exceptionally well to drive the continued growth and success of Eastspring.”
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