Eastspring’s co-head of intermediary business exits
Eastspring Investments, the asset management arm of Prudential Corporation Asia, has seen a senior departure from its sales team.
Mabel Chan, co-head of intermediary business, left the firm last month as a result of a team restructuring, a well-placed source told AsianInvestor, giving no futher details.
She had only joined the firm in November last year in Hong Kong to cover North Asia, while Koh Hui-Jian looked after South Asia out of Singapore. Koh remains in her role, according to LinkedIn.
Koh reports to deputy chief executive Michele Bang, who oversees distribution, product and marketing at the firm.
Eastspring and Chan both declined to comment.
AsianInvestor could not ascertain by press time what Chan's next destination might be or whether she had been or would be replaced at Eastspring.
Her departure follows an important change to the investment team this year, with Virginie Maisonneuve coming in as chief investment officer in January in Singapore. She assumed responsibilities from Guy Strapp, who used to be CEO and CIO.
Chan has some 24 years of experience working in asset management sales, with a focus on retail and wholesale distribution.
Before joining Eastspring she worked at Henderson Global Investors as Asia head of wholesale distribution from July 2015 to September 2016, according to her LinkedIn page. Janus Capital and Henderson GI revealed that they would be merging in October last year.
Chan has also worked for UBP Asset Management, BNP Paribas Investment Partners, Invesco, Citigroup Asset Management, Prudential Financial and Merrill Lynch Investment Managers.