Eastspring hires CIO, investment director for new alternatives team

Nadir Maruf joined Eastspring Investments as chief investment officer, alternatives, as part of the firm's new alternatives investment team, said a spokeswoman.

The firm also appointed Duncan Black as investment director on the same team. Both positions are new and based in Singapore.

Mr. Maruf reports to Virginie Maisonneuve, chief investment officer at Eastspring. He is responsible for the management and investment performance of the $170 billion firm's alternative and infrastructure offerings. Eastspring has about $5 billion in alternatives assets under management.

"The creation of this new team and these two senior appointments are part of our continued commitment to building our capabilities to provide compelling investment opportunities to clients," said Ms. Maisonneuve in a news release. "With our Asian heritage and our existing strengths in infrastructure and private equity, we are well-placed to tap into the regional growth potential for alternative investments."

Eastspring is the Asian money management arm of Prudential PLC.

Mr. Maruf had been a partner and CEO at Daestrum Capital, and Mr. Black was a partner and chief financial officer. Daestrum spokesmen could not be reached for comment.