Eastspring appoints new CEO for Singapore biz
Eastspring Investments has appointed Phil Stockwell as chief executive of its Singapore business.
Effective from 1 September, Stockwell will report into Eastspring Investments chief executive, Guy Strapp and will be responsible for the operations of the Singapore office which is the largest of Eastspring’s 10 Asia offices and, with 350 employees, serves as the asset manager’s central investment hub.
Having joined Eastspring in 2014, Stockwell has investment management experience across the Asia Pacific region and takes over the chief executive role from Jackie Chew who has been appointed to a global role within Prudential plc’s internal audit team, the firm said in a statement.
Stockwell is also member of Eastspring’s Executive Management Committee and will continue as the firm’s chief operating officer. In this role he leads local and regional operations, IT, dealing, performance, enterprise data, investment compliance, front office support and programme management office.
Prior to joining Eastspring, Stockwell was the chief operating officer at BT Investment Management in Australia and held consulting roles with McKinsey & Company and KPMG Consulting.
“Singapore is not only our investment hub but is also increasingly important in supporting our global operations,” said Eastspring Investments chief executive, Guy Strapp. “Phil’s experience, drive and understanding of the investment industry will benefit this important part of our business.”
Eastspring is the US$140bn Asian investment management arm of Prudential plc, and is one of region’s largest investment managers.