Terence Lim will join Eastspring Investments in August as its new chief risk officer, succeeding Gwee Siew Ping who resigned from the firm in May.
Gwee has left to pursue an external opportunity, an Eastspring spokesperson told FSA.
In his new position, Lim will oversee compliance, risk and governance activities across the investment manager’s offering and capabilities.
Based in Singapore, he will report to Seck Wai-Kwong, chief executive officer for Eastspring, and will join the firm’s executive management committee
“He comes to Eastspring with a strong background across Asia Pacific markets and broad experience in both risk and compliance. His experience in transformation will be a great asset to Eastspring as we position our firm for future growth,” said Seck.
Lim has more than 20 years of industry experience and was most recently the Asia Pacific chief risk officer at abrdn.
In the same announcement, Eastspring revealed the promotion of Janelle Yeo as its new chief financial officer (CFO).
Yeo is replacing Francis Woo, who has decided to take on a new appointment in private equity, said the same Eastspring spokesperson.
She boasts over two decades of experience in the financial services industry, including 14 years with Eastspring.
Her last role was head of corporate strategy and M&A at the firm.
“[Yeo] stood out as a candidate for the CFO position, given she has worked closely with finance and legal in her previous roles and served as CFO and acting CEO for Eastspring Taiwan’s business in the past,” added Seck.