A new CEO is to take the helm at Eastspring in April, and there have been other moves at the firm in recent months.

Eastspring Investments, the Asian investment management wing of UK-listed Prudential plc, has appointed Wai-Kwong Seck as its chief executive, taking over from Guy Strapp, who is retiring after a 12-year stint at the firm.

Strapp had been the CEO for the last six years and remains in the business until April to ensure there is a smooth handover to Wai-Kwong. The new CEO takes up the post on 15 April. 

Wai-Kwong has more than 30 years’ investment and senior management experience. He joins from State Street Bank & Trust Company, where he was the CEO of the Asia-Pacific region based in Hong Kong. He has worked across Asia and the US, spanning wealth and asset management in both the institutional and retail space, investment banking, M&A, business development, and the stock exchange. Prior to joining State Street in 2011, he was the chief financial officer of the Singapore Exchange for eight years. Previously he held senior-level positions in The Monetary Authority of Singapore, the Government of Singapore Investment Corporation, Lehman Brothers and DBS Bank.

At the end of September last year Eastspring had $195 billion of assets under management.

Late last year Eastspring officially opened its wholly foreign-owned enterprise in China, and last May it appointed Ooi Boon Peng as chief executive of its Singapore office. This is one of several changes in its senior management line-up.