AllianceBernstein Appoints New Asia Chief
US asset manager AllianceBernstein has announced changes to its Asia Pacific leadership, including the appointment of a new regional CEO.
AllianceBernstein (AB) has appointed Michael Thompson as CEO - Asia Pacific, according to a statement. He has 30 years of experience in client management and financial services, currently as global head of institutions. He succeeds Ajai Kaul who will retire at the end of 2025 year after a 32-year career with the firm.
Thompson will relocate from London to Singapore in due course for the new role.
Deputy CEO
In addition, 27-year AB veteran Derek Yung will expand his responsibilities to become APAC deputy CEO on top of his existing role as Taiwan CEO.
«Mike and Derek both bring global client experience and operational success, making them exceptionally well-equipped to lead our Asia Pacific business,» said Seth Bernstein, president and CEO of AB.
«We thank Ajai for his extraordinary contributions to our firm over the last 32 years. I look forward to this new leadership building upon the strong foundation Ajai established, including expanding our presence across the region and serving a growing number of diverse clients.»
