KUALA LUMPUR, Feb 3 (Bernama) -- Eastspring Investments (“Eastspring”), the US$125 billion Asian investment management arm of Prudential plc, and one of Asia’s largest investment managers, announced today that Mr Chung Yee Wah has been appointed as Chief Executive Officer of Eastspring Al-Wara’ Investments Berhad, Malaysia, effective 29 December 2015.  Mr. Chung was previously the Head of Institutional Business at Eastspring Investments Berhad.
 
As Chief Executive Officer, Mr Chung will be responsible for the strategy to grow our Islamic funds business.
 
Prior to joining Eastspring, Yee Wah was the Chief Investment Officer at Kenanga Islamic Investors where he played a key role in setting up and overseeing all of the Shariah-compliant funds.  With more than 20 years of experience in the industry, covering both investment and sales disciplines, he previously worked for UOB-OSK Asset Management, AmInvestment Bank, the Abu Dhabi Investment Authority and HSBC Securities.
 
“Yee Wah is a strong business leader with extensive asset management experience and we look forward to the continued contribution he will make to Eastspring,” said Mr. Guy Strapp, Chief Executive of Eastspring Investments.  “This appointment also reflects Eastspring’s long-term commitment to Malaysia and our vision to be the Islamic fund manager of choice offering innovative Shariah-compliant investment solutions to our clients.”
 
Eastspring Al-Wara' Investments Berhad was established in December 2009 as the regional Shariah asset management hub of Eastspring Investments.  Based in Kuala Lumpur, Eastspring Al-Wara' Investments Berhad manages approximately US$94 million of Shariah compliant assets (as at 30 September 2015). Eastspring Al-Wara’ Investments Berhad is also part of the Malaysian International Islamic Financial Centre community, which among others, focuses on supporting the development of the Malaysian Islamic Capital Market and positioning Malaysia as the leading international Islamic financial hub.
 
 
About Eastspring Investments: 

Eastspring Investments, part of Prudential Corporation Asia, is Prudential's asset management business in Asia. It is one of Asia's largest asset managers, with operations in 10 Asian markets (including offices in North America, Europe and the United Arab Emirates) and just under 2,500 employees in Asia and approximately US$125bn in assets under management (as at 30 September 2015).         
 
For more information on Eastspring Investments, please visit: www.eastspring.com
 

SOURCE : Eastspring Investments Berhad

FOR MORE INFORMATION, PLEASE CONTACT:
Name : Judy Yap
Director, Brand and Communications
Eastspring Investments Berhad
Tel : +603 2170 0290
Email : Judy.Yap@eastspring.com


--BERNAMA