David Hoantee Peng was named head of Asia-Pacific, ex-Japan at Legal & General Investment Management.
Mr. Peng’s Hong Kong-based role, which will include a focus on building relationships in mainland China, is a new one for the firm, said a Legal & General spokeswoman in an email.
Mr. Peng comes to Legal & General from Aberdeen Standard Investments, where he served through the end of March as the head of the firm’s Hong Kong office, said a spokeswoman for Aberdeen Standard Investments.
The Aberdeen Standard Investments’ spokeswoman said a search is underway for a replacement in Hong Kong.
Legal & General Investment Management had £983 billion ($1.33 trillion) in assets under management at the end of 2017.