SINGAPORE (9 November 2021) - Eastspring Investments (“Eastspring”), the USD 254 billion1 asset management business of Prudential plc, announced today a new regional management structure with the appointment of Xavier Meyer and Wendy Lim into newly created roles of Regional Chief Executives, reporting to Wai-Kwong Seck, Chief Executive Officer at Eastspring Investments Group.
Xavier Meyer, who joined Eastspring in 2014 and is currently Global Head of Distribution, will take on new management responsibilities and oversee the Korea, Japan, Taiwan, Thailand, Europe and US businesses as Regional Chief Executive Officer North Asia, Europe and Americas. Functionally, he will continue to spearhead the Institutional business globally and lead the Product function, Client Service and Distribution Offices.
Wendy Lim, who will be joining Eastspring on 19 November 2021, will assume management responsibilities and oversee Singapore, Hong Kong, Malaysia, Indonesia, and Vietnam as Regional Chief Executive Officer Southeast Asia. Functionally, she will lead the Retail business globally, including intermediary sales and digital strategy, and oversee Marketing & Communications. Wendy will also be responsible for the Prudential Life businesses relationship management to ensure closer collaboration in building an integrated wealth capability.
Wendy joins Eastspring from Manulife Investment Management, where she was CEO Singapore & Regional Head of High-Net-Worth Segment, Asia. She has a successful track record in retail banking, wealth, and asset management for close to 30 years. Wendy has extensive experience in Asia and in transforming and growing businesses.
Wai-Kwong will continue to have direct oversight of Eastspring’s India and China businesses, assisted by Xavier (India) and Janelle Yeo (China).
Xavier and Wendy will work closely with Wai-Kwong’s other direct reports, the regional functional heads (Heads of Eastspring Portfolio Advisers and Eastspring Portfolio Strategies, CHRO, COO, CFO, CRO, and Head of Corporate Strategy and M&A), to strengthen collaboration and alignment across the organization.
Commenting on the appointments, Wai-Kwong Seck, Chief Executive Officer, Eastspring Investments Group, said, “We are making these structural changes to create an organization that is scalable to position Eastspring for future growth. This new structure reinforces our efforts to combine superior functional expertise, across investments, distribution and support services, with deep local insights and connections to better serve our clients and strengthen the Eastspring franchise.”
1 AUM as at 30 June 2021.