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PGIM Investments
Press Release

PGIM Investments hires David Chang for new vice chairman, Asia positionPGIMInvestmentshiresDavidChangfornewvicechairman,Asiaposition

By PGIM Global Communications — Apr 7, 2022

3 mins read

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HONG KONG and SINGAPORE, 7 April 2022 – PGIM Investments has hired David Chang into the senior leadership position of vice chairman, Asia. In this newly created role, Chang will oversee PGIM’s asset management businesses in India (PGIM India) and Taiwan (PGIM SITE), and PGIM’s joint venture on the Chinese mainland with partner Everbright Securities. 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 $1.5 trillion global investment management business of US-based Prudential Financial, Inc. (NYSE: PRU).

David Chang, Vice Chairman, Asia, PGIM Investments

(Click image to enlarge)

Chang will play a key role in building out the Asian hub for PGIM Investments, as well as enhance PGIM’s overall presence and focus in the region. He will particularly support the growth of the global intermediary business in Greater China.

Parker commented, “Building out our Asia-based team with exceptional local leadership is a top priority for PGIM Investments. Bringing in someone with David’s experience will enable us to accelerate our growth whilst demonstrating our commitment to the region.”

Chang joins from Franklin Templeton where he spent more than 20 years, formerly as the CEO and regional head for Greater China since 2007, responsible for driving business across Hong Kong, the Chinese mainland and Taiwan, and more recently as senior advisor 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 all other areas that can add value to the Family Office Hong Kong community, and is an independent advisor to the Raffles Family Office in Hong Kong.

PGIM has built a strong institutional presence in Asia, managing portfolios for clients across the region for 28 years. More recently, the firm has seen an increased demand from Asian intermediary investors and private banks in particular looking for income-focused, alternative and ESG-related investment solutions.

Chang commented, “Having dedicated my career to serving clients across Asia and enabling both institutions and individuals to meet their investment goals, I am excited to now be in a position to assist in delivering PGIM’s expertise to these markets. The depth and breadth of high-performing investment strategies available across the PGIM platform is impressive and offers compelling solutions to our clients’ needs.”

ABOUT PGIM INVESTMENTS

PGIM Investments and its affiliates offer more than 100 funds globally across a broad spectrum of asset classes and investment styles. All products draw on PGIM’s globally diversified investment platform that encompasses the expertise of managers across fixed income, equities, alternatives and real estate.

ABOUT PGIM

PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), ranks among the top 10 largest asset managers in the world* with approximately $1.5 trillion in assets under management as of 31 Dec. 2021. With offices in 17 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate and alternatives. For more information about PGIM, visit pgim.com.

Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.

*  Prudential Financial, Inc. (PFI) is the 10th-largest investment manager (out of 477) in terms of global AUM based on the Pensions & Investments Top Money Managers list published on 31 May 2021. This ranking represents assets managed by PFI as of 31 Dec. 2020.

In Hong Kong, information is provided by PGIM (Hong Kong) Limited, a regulated entity with the Securities & Futures Commission in Hong Kong, to professional investors as defined in Section 1 of Part 1 of Schedule 1 (paragraph (a) to (i) of the Securities and Futures Ordinance (Cap. 571). In Singapore, information is issued by PGIM (Singapore) Pte. Ltd. (“PGIM Singapore”), a Singapore investment manager that is licensed as a capital markets service license holder by the Monetary Authority of Singapore and an exempt financial adviser for the general information of “institutional investors” pursuant to Section 304 of the Securities and Futures Act, Chapter 289 of Singapore (the “SFA”) and “accredited investors” and other relevant persons in accordance with the conditions specified in Sections 305 of the SFA.

All investments involve risk, including the possible loss of capital. Funds are available for professional investors only. An investor must review the fund’s prospectus, supplement and Key Investor Information Document (“KIID”) (together, the “Fund Documents”) before making a decision to invest.

Risks: An investment in the funds involves a high degree of risk, including the risk that the entire amount invested may be lost. The funds are primarily designed to purchase certain investments, which will introduce significant risk to the funds, including asset performance, price volatility, administrative risk and counterparty risk. No guarantee or representation is made that any fund’s investment program will be successful, or that such fund’s returns will exhibit low correlation with an investor’s traditional securities portfolio.

Media Contact (International)

Joanna Drew
+44 (0)7790914214
joanna.drew@pgim.com

 

Media Contact (International)

Sharan Kaur
+44 (0)7866154772
sharan.kaur@pgim.com

MC
Media Contact (Asia)

Jobie Cheung
+852 3103 0107
jobie.cheung@citigatedewerogerson.com

MC
Media Contact (Asia)

Yiting Foo
+65 6589 2375
yiting.foo@citigatedewerogerson.com

  • By PGIM Global Communications

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For Professional Investors only. All investments involve risk, including the possible loss of capital.

It is for informational and educational purposes only and should not be construed as investment advice or an offer or solicitation in respect of any products or services to any persons who are prohibited from receiving such information under the laws applicable to their place of citizenship, domicile or residence. PGIM, Inc., is the principal asset management business of PFI and is a registered investment advisor with the US Securities and Exchange Commission(SEC). Registration with the SEC does not imply a certain level of skill or training.  PGIM is a trading name of PGIM, Inc and its global subsidiaries.    

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