Guy Strapp, due to take the reins on August 1 as Graham Mason steps down, is eyeing opportunities in global emerging markets and EM debt, but must rebuild in institutional sales.
Eastspring Investments, formerly Prudential Asset Management, looks to become an institutional asset manager, both for Asian and Western capital.
They expect banks to continue to dominate the distribution of traditional mutual funds and not ETFs, but admit to concerns over future industry growth.
CEO Graham Mason says the firm’s task is to leverage its onshore Asia businesses into regional and worldwide selling opportunities.
Lee Won-Ki has left his post as chief executive of KB Asset Management to head Prudential's South Korean fund management business.
Graham Mason will move from South Africa to Hong Kong as fund management CEO for Asia, with Guy Strapp becoming his right-hand man.