Bank of East Asia’s asset management arm has hired a chief investment officer for equities.
Desmond Tjiang joins BEA Union Investment Management as chief investment officer, equities, according to a statement, effective May 3, replacing Henry Chan who has been working at the firm since 2014 and will now seek opportunities elsewhere.
Tjiang will be responsible for leading the firm’s equities and multi-asset strategies, overseeing the investment process and formulating ESG integration approaches.
He has 25 years of experience, most recently with Conning Asia Pacific where he was its chief investment officer chairing the global asset allocation committee. Previously, he also held senior leadership roles at Mount Logan Capital, Pinebridge Investments and the former Fortis Investments.
«We noticed an increasing demand for Asian assets from international markets, especially institutional investors, to diversify asset allocation and seek alpha for their portfolios,» said BEA Union Investment Management chief executive Eleanor Wan.