Prudential names new CEO for Eastspring Investments
In the near future, a new CIO will be appointed.
Prudential has named Bill Maldonado as the Chief Executive Officer (CEO) of its asset management arm, Eastspring Investments. The appointment is set to take effect from 1 September.
Maldonado, based in Singapore, will report directly to Prudential's CEO, Anil Wadhwani, and will join the Prudential Group Executive Committee.
Having held the role of Interim CEO since April of the current year, Bill Maldonado initially joined Eastspring Investments in September 2021 and assumed the position of Chief Investment Officer in May 2022.
In this role, he has been steering Eastspring Investments' diverse investment strategies across equities, fixed income, multi-asset, quantitative, and alternatives, as well as overseeing the firm's range of investment products.
Maldonado holds a 30-year career in asset management, demonstrating a remarkable history of leading global investment teams. Before joining Eastspring, he held prominent positions including Asia Pacific Chief Investment Officer and Global Chief Investment Officer of equities at HSBC Global Asset Management.
A successor for the role of Chief Investment Officer for Eastspring Investments will be appointed in the near future.