Legal & General Investment Management has announced the appointment of David Hoantee Peng as head of Asia Pacific ex Japan.
Based in Hong Kong he will report to Roger Bartley, vice chairman – Investments, based in London. Hoantee Peng’s responsibility will be to develop LGIM’s growing business in the Asia Pacific region. He will lead strategy in Asia Pacific ex Japan, building on company’s existing capabilities in the region.
Hoantee Peng has three decades of experience in the Asian financial-services sector and joins LGIM from Standard Life Aberdeen, where he was head of Asia for more than seven years.
Since the launch of LGIM Asia1 in 2012, LGIM’s presence in the Asia Pacific market has grown significantly, in line with strategic commitment to be a global provider of investment solutions. LGIM has built a high-quality institutional client base in the region and assets under management have experienced robust growth.