Based in LGIM’s Hong Kong office, Peng (pictured) will head up the firm’s Asia Pacific ex Japan team. He will report to Roger Bartley, vice chairman of investments, who is headquartered in London.
Peng was head of Asia for more than seven years at Standard Life Investments, remaining in the role after the group’s merger with rival manager Aberdeen Asset Management. He has spent three decades in the Asian financial services sector.
His appointment comes at a time when LGIM is trying to expand its reach in the Asia Pacific region.
The firm said it has seen “robust growth” in assets under management since launching LGIM Asia in 2012 and has attracted a high-quality institutional client base.
LGIM is one of Europe’s largest managers with £983.3bn of total assets at 31 December 2017.
Commenting on the appointment, Bartley, said: “Asia is an important market for LGIM as we expand our presence internationally. David’s insight will be invaluable as we deepen and strengthen our investor and client relationships in the region. His appointment reflects LGIM’s long-term commitment to expanding our foothold in the Asia Pacific region.”
