Amy Cho has been appointed head of Asia-Pacific and Singapore chief executive officer at M&G Investments, the firm announced in a statement on Oct. 25.
The appointment is subject to regulatory approval and will see Cho take charge of expanding M&G's distribution capabilities across the region, which has been set as a key strategic priority for the firm, according to the statement.
"Asia is central to our growth ambitions, and we have made strong progress during this year in strengthening our distribution capabilities and broadening our licensing arrangements," said Neal Brooks, global head of product and distribution at M&G, in the statement.
He also said that the firm's focus markets are Japan, Korea, Taiwan, Singapore and Hong Kong.
Cho starts in her new role on Nov. 1 and replaces Loretta Ng who decided to step down "in pursuit of personal aspirations," the firm said.
M&G had £332.8 billion ($420.2 billion) of assets under management and administration as of June 30.
Cho was most recently deputy head for Asia-Pacific and CEO of Hong Kong at Schroders, and she will relocate to Singapore for her new role.
She left Schroders in March after four years in senior leadership roles. Before that, she held senior positions at Pictet Asset Management and First State Investments.
Schroders announced in November that Cho would step down in 2023 and that she would be replaced by Gopi Mirchandani as CEO of Hong Kong. The announcement did not state a successor to the deputy head of APAC position, but Mirchandani was given a newly created title of head of strategy, Asia-Pacific.