Allianz Global Investors has appointed Wilfred Sit (pictured) as its new equity CIO for Asia Pacific.
Sit will join in January 2025 and be based in Hong Kong. He is a replacement for Raymond Chan, who is retiring.
Sit joins from Hang Seng Investment Management, where he has served as chief investment officer since January 2019.
Previously, he served as chief investment officer for Asia and head of Asian equities at Baring Asset Management as well as regional CIO for Asia Pacific and head of Asia Pacific investment strategy at Mirae Asset Global Investments. He also served as senior portfolio manager for Hong Kong and China at Invesco Asia.
“Raymond has been instrumental in building our Asia Pacific equity franchise and expanding it into new asset classes, including China A-shares and Indian equity. We extend our deep gratitude to Raymond for his unwavering dedication during his years at AllianzGI and wish him all the best in his retirement,” said Virginie Maisonneuve, global CIO for equity.
“As we welcome Wilfred, we are excited to leverage his extensive knowledge and expertise to drive the next phase of growth for our Apac equity platform. Together, we look forward to evolving our equity offerings in line with the growing needs of our clients.”
