David Chang, PGIM Investments
PGIM Investments has hired David Chang as vice chairman, Asia. In this role, Chang will oversee PGIM’s asset management businesses in India (PGIM India) and Taiwan (PGIM SITE) and PGIM’s joint venture in Chinese mainland, with partner Everbright Securities, according to a statement by the asset manager.
Chang reports to Stuart Parker, president and CEO, PGIM Investments, and is based in Hong Kong, effective immediately.
PGIM Investments is the retail and high net worth distribution arm of PGIM, the $1.5trn global investment management business of US-based Prudential Financial, Inc.
Chang will additionally play a role in building out the Asian hub for PGIM Investments, as well as enhance PGIM’s overall presence and focus in the region. In particular, he will support the growth of the global intermediary business in Greater China.
“Building out our Asia-based team with exceptional local leadership is a top priority for PGIM Investments,” said Stuart Parker, President and CEO, PGIM Investments, in a statement.
Chang joins from Franklin Templeton where he spent two decades, formerly as the CEO and regional head for Greater China since 2007, responsible for driving business across Hong Kong, Chinese mainland and Taiwan, and more recently as a senior adviser, providing guidance and strategic counsel to the Apac team. He also held previous senior sales and business development roles at the firm.
Chang currently sits on the board of Independent Advisors to the Family Office Association in Hong Kong, providing advice on family governance, running family business, philanthropy and other issu, and is an independent advisor to the Raffles Family Office in Hong Kong.
PGIM has managed portfolios for clients across Asia Pacific for 28 years. The firm said that recently it has seen an increased demand from Asian intermediary investors and private banks, in particular looking for income-focused, alternative and ESG-related investment solutions.
