Prudential appoints Bill Maldonado as Chief Executive Officer of Eastspring Investments

29 Aug 2023

Prudential appoints Bill Maldonado as Chief Executive Officer of Eastspring Investments

Hong Kong, 29 August 2023 - Prudential plc (Prudential) has today announced the appointment of Bill Maldonado as the Chief Executive Officer (CEO) of Prudential's asset management business, Eastspring Investments. The appointment is effective 1 September 2023. Based in Singapore, he will report to Prudential Chief Executive Officer Anil Wadhwani and will join the Prudential Group Executive Committee (GEC).

Mr Maldonado has been serving as Interim CEO since April this year and, having joined Eastspring Investments in September of 2021, has been Chief Investment Officer since May 2022. In this capacity, he has spearheaded the Eastspring Investments platform across equities, fixed income, multi-asset, quantitative and alternatives, overseeing the firm's investment strategies and products.

Mr Maldonado has 30 years of asset management experience and a strong track record in leading investment teams globally. Prior to joining Eastspring, Mr Maldonado served as the Asia Pacific Chief Investment Officer and Global Chief Investment Officer, Equities at HSBC Global Asset Management.

He holds an MBA from Cranfield University, a Doctorate in Laser Physics from Oxford University and a Bachelor of Science degree in Physics from Sussex University, UK and Uppsala University, Sweden.

A new Chief Investment Officer for Eastspring Investments will be appointed in due course.

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About Prudential plc

Prudential plc provides life and health insurance and asset management in 24 markets across Asia and Africa. The business helps people get the most out of life, by making healthcare affordable and accessible and by promoting financial inclusion. Prudential protects people's wealth, helps them grow their assets, and empowers them to save for their goals. The business has dual primary listings on the Stock Exchange of Hong Kong (2378) and the London Stock Exchange (PRU). It also has a secondary listing on the Singapore Stock Exchange (K6S) and a listing on the New York Stock Exchange (PUK) in the form of American Depositary Receipts. It is a constituent of the Hang Seng Composite Index and is also included for trading in the Shenzhen-Hong Kong Stock Connect programme and Shanghai-Hong Kong Stock Connect programme.

Prudential is not affiliated in any manner with Prudential Financial, Inc. a company whose principal place of business is in the United States of America, nor with The Prudential Assurance Company Limited, a subsidiary of M&G plc, a company incorporated in the United Kingdom. https://www.prudentialplc.com/

About Eastspring Investments

Eastspring Investments, part of Prudential plc, is a leading Asia-based asset manager that manages over USD 221 billion (as of 31 December 2022) of assets on behalf of institutional and retail clients. Operating since 1994, Eastspring Investments has one of the widest footprints among asset management companies across Asia*. We provide investment solutions across a broad range of strategies including equities, fixed income, multi asset, quantitative and alternatives and are committed to delivering high quality investment outcomes for our clients over the long term.

We incorporate ESG factors into our investment process and are aligned with a number of global sustainability initiatives including the United Nations-supported Principles for Responsible Investments (PRI) and the Asia Investor Group on Climate Change (AIGCC). We collaborate alongside industry peers to harness a collective investor voice to influence and drive change with investee companies.

For more information on Eastspring Investments, please visit: www.eastspring.com

*Eastspring Investments companies (excluding joint venture companies) are ultimately wholly owned/indirect subsidiaries of Prudential plc of the United Kingdom. Eastspring Investments companies (including joint venture companies) and Prudential plc are not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America or with the Prudential Assurance Company Limited, a subsidiary of M&G plc (a company incorporated in the United Kingdom).

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Prudential plc published this content on 29 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 August 2023 10:18:25 UTC.