Having shrunk its active equity and alternative investment teams, the asset management arm of Prudential Corporation Asia is increasing its focus on passive strategies.
The Islamic insurers’ need to preserve liquidity could leave them well placed to buy equities, once Malaysia finally emerges from the coronavirus pandemic.
The insurance firm is handing more autonomy to its individual country CIOs and seconding its regional CIO to Eastspring in Singapore, as the changes continue at UK group Prudential.
The asset management arm of Prudential Corporation Asia is ringing more changes at the top, including restructuring its investment department, amid ongoing talk of a potential sale.
The new executive joins two other recent senior sales joiners after a leadership shakeup at Prudential’s Asian fund management arm.
UK insurer Prudential’s Asian funds business has shrunk headcount as part of a business review, citing a challenging environment. The layoffs include four investment professionals.