Eastspring Investments, the asset management business of Prudential plc, has appointed Xavier Meyer and Wendy Lim to newly created roles of regional chief executives, reporting to group chief executive officer Wai-Kwong Seck.
Xavier Meyer, who joined Eastspring in 2014 and is currently global head of distribution, will take on new management responsibilities and oversee the Korea, Japan, Taiwan, Thailand, Europe and US businesses as regional CEO for North Asia, Europe and the United States. Functionally, he will continue to spearhead the institutional business globally and lead the product function, client service and distribution offices.
Wendy Lim, who will be joining Eastspring on November 19, will assume management responsibilities and oversee Singapore, Hong Kong, Malaysia, Indonesia, and Vietnam as regional CEO for Southeast Asia. Functionally, she will lead the retail business globally, including intermediary sales and digital strategy, and oversee marketing & communications. Lim will also be responsible for Prudential Life’s business relationship management to ensure closer collaboration in building an integrated wealth capability.
Lim joins Eastspring from Manulife Investment Management, where she was CEO for Singapore and regional head of the high-net-worth segment for Asia. She has a successful track record in retail banking, wealth, and asset management for close to 30 years. Lim has extensive experience in Asia and in transforming and growing businesses.
Seck will continue to have direct oversight of Eastspring’s India and China businesses, assisted by Meyer (India) and Janelle Yeo (China).
Meyer and Lim will work closely with Seck’s other direct reports, the regional functional heads (heads of Eastspring portfolio advisers and Eastspring portfolio strategies, CHRO, COO, CFO, CRO, and head of corporate strategy and M&A), to strengthen collaboration and alignment across the organization.
Commenting on the appointments, Seck says: “We are making these structural changes to create an organization that is scalable to position Eastspring for future growth. This new structure reinforces our efforts to combine superior functional expertise, across investments, distribution and support services, with deep local insights and connections to better service our clients and strengthen the Eastspring franchise.”
