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).
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