Money Management

Eastspring Investments chooses new CEO

Wai-Kwong Seck was named CEO at Eastspring Investments, the Asian investment management arm of Prudential PLC, effective April 15, a spokesman said.

Mr. Seck will replace Guy Strapp, who is retiring, the spokesman said. Mr. Strapp will remain until April to ensure a smooth transition, according to a news release.

Mr. Seck will be responsible for growing the firm's investment offerings and expanding the global and local institutional client base.

"(Mr. Seck's) appointment reflects our commitment to accelerate the growth momentum of our leading asset management business in the region and achieve long-term success," Nic Nicandrou, CEO of Prudential Corp. Asia, said in the release. "(He) brings to the role not only invaluable investment insights, but a wealth of experience built up over a long and illustrious career. His outstanding track record of delivering growth and value to shareholders and clients will enable the long-term success of Eastspring.

Mr. Seck was CEO of Asia-Pacific at State Street. Ian Martin replaced Mr. Seck in that role.

Eastspring Investments has $195 billion in assets under management.