Eastspring Investments, the Asian investment management arm of the U.K.’s Prudential, has announced the recruitment of a new Chief Executive Officer for Eastspring Investments Berhad Malaysia.

With almost 30 years of industry experience, Raymond Tang joins Eastspring from CIMB-Principal Asset Management. In his new role Tang will be responsible for growing Eastspring’s business in Malaysia and further developing relationships with its clients.

Tang previously held a variety of senior roles at CIMB including Head of International and Institutional Business and Chief Investment Officer, ASEAN Region. Previously, he was the Chief Investment Officer at CMS Dresdner Asset Management.

Strong Network

Tang is currently the Chairman of the Malaysian Association of Asset Managers as well as the Chairman of the FTSE Bursa Malaysia Index Advisory Committee. In addition, he is a Founding Director of the Securities Industry Dispute Resolution Center.

«I am delighted to welcome an executive of Raymond Tang's calibre to our regional leadership team, not only does he bring extensive industry experience, he is a strong leader, widely respected within the industry, and will play a key role in expanding the Eastspring brand in this important market,» said Guy Strapp, Chief Executive of Eastspring Investments.

Operating in Asia since 1994, Eastspring Investments is the Asian asset management business of Prudential plc, an international financial services company. Eastspring Investments currently manages over $131 billion in assets on behalf of institutional and retail clients.