Prudential Corporation will relocate Graham Mason to Hong Kong as chief executive of fund management for Asia to replace Arne Lindman, who has left the company to pursue other opportunities.
Guy Strapp, who joined Prudential Asset Management as Asia head of investment management in 2007, will become Mason's deputy chief executive. Strapp will also retain his previous role and remain in Singapore.
Mason is currently Cape Town-based chief executive and co-chief investment officer of Prudential Portfolio Managers South Africa, which is also a unit of M&G, a London-based investment management business of the Prudential group. The firm has not yet named a replacement for him.
Starting in January, Mason will be responsible for Prudential's asset management businesses across the region, spanning 10 markets in Asia and managing £42.2 billion ($68.7 billion) on behalf of retail and institutional investors.
He has 23 years of asset management experience, 17 of which have been with Prudential. Mason first joined the company in 1990 in London and founded Prudential Portfolio Managers South Africa in 1994.
Arne Lindman had joined Prudential last May from ABN Amro Asset Management. He replaced interim CEO Alan Wren, who had been in the role for almost a year, following the departure of Ajay Srinivasan in June 2007 to join the Aditya Birla Group in Mumbai.