Eastspring taps Nikko AM for Singapore risk chief

Eastspring Investments, the Asian asset management arm of UK insurer Prudential, has appointed Wee Tian-Sing as chief risk officer for Singapore and head office risk, AsianInvestor can reveal.

He joined on July 25 from Japan’s Nikko Asset Management, where he was Singapore-based head of risk and performance for Asia ex-Japan.

Wee replaces Niall Grady, who moved within the group in January to rejoin Prudential as Asia chief compliance officer, according to his Linkedin page. He relocated to Hong Kong for the new role.

Wee oversees the compliance, legal, operational and investment risk functions for Singapore and manages the head office risk function. He reports to Gwee Siew-Ping, group chief risk officer.

Wee had been with Nikko AM since July 2013, before which he had worked for some eight years in risk management at Singapore sovereign wealth fund GIC. It is understood that Nikko AM has not yet replaced him.

Grady had been at Eastspring since March 2013, before which he had been Asia director of enterprise risk management at Prudential, based in Singapore, according to his Linkedin page.

These moves follow major personnel changes within the Prudential group in Asia.

Eastspring's new chief investment officer, Virginie Maisonneuve, started in Singapore in January. Guy Strapp, who had been both chief executive and CIO, remains as CEO based in Hong Kong.

Meanwhile, Prudential has appointed new CIOs for Asia, Hong Kong and Singapore in a team reorganisation this year and welcomed a new chief executive, Nic Nicandrou, in May.