Eastspring CIO Virginie Maisonneuve exits

Prudential asset management division has shaken up its senior team


Eastspring Investment CIO Virginie Maisonneuve has exited Prudential’s Asian asset management arm in the latest shake-up to its senior management team.

Maisonneuve’s departure coincides with Eastspring restructuring its investment department into two separate divisions.

According to a spokeswoman, Maisonneuve, who had previously worked in the London offices of Schroders and Pimco, left the firm to pursue other opportunities, after helping “strengthen and diversify the firm’s investment capabilities”.

There will be no replacement global CIO, the spokeswoman said.

Ooi Boon Peng will take on the role of head of the new investment fund strategies team, in addition to his existing position as Eastspring Singapore and Hong Kong CEO, while Kelvin Blacklock, currently the chief investment officer for global asset solutions, has been appointed head of the newly-formed investment solutions team.

Eastspring experienced major changes to its senior management team in January this year, with the departures of long-time CEO Guy Strap, CFO Ted Pull and COO Phil Stockwell.

Commenting on the most recent moves, Wai-Kwong Seck, Eastspring’s chief executive, said in a statement that the shuffling was the result of a “strategic review of our investment team” to evaluate whether the firm has the right structure in place as client demand moves beyond single strategy investment products and traditional balanced portfolios.

“During her tenure at Eastspring Virginie has helped strengthen and diversify our investment capabilities. I would like to thank Virginie for her contribution to the firm and wish her well in her future endeavours.”

According to local press reports, Pru Life UK, the insurance affiliate of Eastspring Investments, is also expected to launch a stand-alone asset management firm in the Philippines by the end of the year.

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