Legal & General Investment Management (LGIM) has hired David Peng from Standard Life Aberdeen as head of Asia Pacific ex Japan.
Peng will report to Roger Bartley, vice chairman of investments, and be based in Hong Kong.
He joins from Standard Life Aberdeen, previously Standard Life Investments, where he worked as head of Asia for over seven years and has over 30 years experience in Asian financial services, having previously worked at BlackRock and Bank of China Investment Management.
At LGIM he will be responsible for leading the firm's Asia Pacific ex Japan strategy, developing the business and supporting clients in the region.
LGIM launched its Asia arm in 2012 and opened a Hong Kong office in July 2013 to provide its investment solutions to the Asian pension and retirement market.
Bartley said Asia was an important market for LGIM as the firm seeks to broaden its international reach.
"Asia is an important market for LGIM as we expand our presence internationally. David's insight will be invaluable as we deepen and strengthen our investor and client relationships in the region.
"His appointment reflects LGIM's long-term commitment to expanding our foothold in the Asia Pacific region."
A spokesperson for Aberdeen Standard Investments said the firm was actively recruiting a replacement for Peng, although Hugh Young is head of Asia Pacific.
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