17 Apr 2023

Eastspring Investments Appoints Bill Maldonado as Interim Chief Executive Officer

SINGAPORE (17 April 2023) - Eastspring Investments (“Eastspring”), the USD221 billion1 asset management business of Prudential plc, has announced the appointment of Bill Maldonado as Interim Chief Executive Officer, effective since 6 April 2023. This follows Wai-Kwong Seck’s decision to retire after four years as Chief Executive Officer with the firm. To ensure a smooth transition, Wai-Kwong will remain with Eastspring until the end of June to support Bill and the executive team.

Bill joined Eastspring in August 2021 and is currently the firm’s Chief Investment Officer, a role he will retain in order to focus on investment performance. He is well positioned to take on the Interim Chief Executive Officer role having worked closely with Wai-Kwong and the executive team to deliver on the firm’s corporate growth strategy. Bill chairs the Eastspring Executive Management Committee and reports to Anil Wadhwani, Chief Executive Officer of Prudential plc.

Bill has nearly 30 years of asset management experience and a strong track record in leading teams globally. Prior to joining Eastspring, Bill served as the Asia Pacific Chief Investment Officer and Global Chief Investment Officer, Equities at HSBC Global Asset Management.

Bill holds an MBA from Cranfield University, a Doctorate in Laser Physics from Oxford University and a Bachelor of Science in Physics from Sussex University, UK and Uppsala University, Sweden.

1 As of 31 Dec 2022.

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