Hong Kong-based Eastspring Investments hired an industry veteran as new CEO. He will succeed Guy Strapp, who who has decided to retire after 12 years with the firm.
Eastspring Investments, an Asian investment management arm of British Prudential, has hired Wai-Kwong Seck. He is joining as Chief Executive Officer on 15 April 2019, succeeding Guy Strapp, who has decided to retire after 12 years with the firm, six of those as the CEO, the firm announced on Wednesday. Strapp will remain in the business until April to ensure a smooth transition.
In his new role, Wai-Kwong will be responsible for growing the business, deepening its investment capabilities and expanding Eastspring’s global and local retail and institutional client base.
Overall Responsibility
He has more than 30 years’ investment and senior management experience. He joins from State Street Bank & Trust Company, where he was CEO of the Asia Pacific Region (APAC) based in Hong Kong. He had overall responsibility for the strategic direction, management and growth of the custody, fund accounting, markets and data businesses, operating through seven regional branches to service clients in 17 geographical markets in APAC.
Wai-Kwong has extensive experience in the financial services industry, having worked across Asia and the U.S., spanning wealth and asset management in both the institutional and retail space, investment banking, M&A, business development, and the stock exchange.
Senior-Level Position at MAS
Prior to joining State Street in 2011, he was Chief Financial Officer of the Singapore Exchange for eight years. Previously he held senior-level positions in The Monetary Authority of Singapore, the Government of Singapore Investment Corporation (GIC), Lehman Brothers and DBS Bank.
