Prudential unit appoints CEO for M’sian Islamic funds business

KUALA LUMPUR: Eastspring Investments, the US$125bil (RM525bil) Asian investment management arm of Prudential plc and one of Asia’s largest investment managers, has appointed Chung Yee Wah as chief executive officer of Eastspring Al-Wara’ Investments Bhd effective Dec 29, 2015.

Eastspring Investments said in a statement that he would be responsible for the strategy to grow our Islamic funds business.

Chung was previously the head of institutional business at Eastspring Investments Bhd.

Eastspring Al-Wara’ Investments Bhd was set up in December 2009 as the regional syariah asset management hub of Eastspring Investments. Based in Kuala Lumpur, it manages about US$94mil (RM395mil) of syariah-compliant assets (as at Sept 30, 2015).