The investment management arm of Allianz has appointed a chief investment officer for Asia Pacific equities.
Allianz Global Investors has appointed Wilfred Sit as chief investment officer (CIO) equity, Asia Pacific, according to a statement, effective January 2025 and based in Hong Kong.
Sit has over 30 years of asset management experience, most recently as CIO at Hang Seng Investment Management where he led a team that managed over $45 billion of assets as of end-September. Prior to that, he also worked at Baring Asset Management, Mirae Asset Global Investments and Invesco.
«As we welcome Wilfred, we are excited to leverage his extensive knowledge and expertise to drive the next phase of growth for our APAC equity platform. Together, we look forward to evolving our equity offerings in line with the growing needs of our clients,» commented Virginie Maisonneuve, global CIO equity.
Multi-Decade Career
Sit will succeed Raymond Chan who will retire after a multi-decade career at Allianz Global Investors.
«Raymond has been instrumental in building our Asia Pacific Equity franchise and expanding it into new asset classes, including China A-shares and Indian equity,» added Maisonneuve. «We extend our deep gratitude to Raymond for his unwavering dedication during his years at AllianzGI and wish him all the best in his retirement.»
