Eastspring Investments (also known as Eastspring) is an investment management firm headquartered in Singapore that is focused on investments throughout Asia. It is a subsidiary of Prudential plc.
Eastspring was originally the investment management arm of Prudential Corporation Asia, the Asian branch of Prudential plc that was established in 1994.[1][2][3][4][5]
In 2005, it formed a joint venture with CITIC Group named CITIC-Prudential Fund Management Company which is based in Shanghai.[1][2]
In 2009, it established Eastspring Al-Wara' Investments Berhad in Malaysia to enter the Islamic Finance business.[2][10]
In 2011, the investment management arm was rebranded to have its own separate brand name, Eastspring Investments.[2][3][4] There were various reasons for the business to operate under its own brand name. Fifty percent of its assets under management from third parties rather than Prudential itself.[3] There were also legal constraints on using the name "Prudential" to label the firm or its products as Prudential Financial, a non-related US company already had the legal rights to use the name.[3] Finally the business had little name recognition in the United Kingdom and at the time, Prudential already had an investment management arm set up there named M&G.[3]
In July 2018, it acquired 65% of TMB Asset Management from TMBThanachart Bank in Thailand.[1][2][11][12] It made a further acquisition in Thailand in September 2019, where it acquired 50.1% of Thanachart Fund Management from Thanachart Bank for $137m[1][2][12][13] In 2022, all Thailand entities were merged into one entity forming Eastspring Asset Management (Thailand) Company Limited.[14]
Business overviewedit
Eastspring is focused on 11 markets in Asia and is headquartered in Singapore. Although its business is mainly in Asia, it has additional distribution offices in North America and Europe.[1][2][3][4]
Eastspring focuses on four asset classes: Equity, Fixed Income, Multi Asset Solutions and Quantitative.[1]
Referencesedit
^ abcdefghi(PDF). 5 November 2022. Archived from the original (PDF) on 5 November 2022.
^ abcdefghij"Company overview | Global | Eastspring Investments". www.eastspring.com. from the original on 2 December 2022. Retrieved 5 November 2022.
^ abcdefg. 28 January 2022. Archived from the original on 28 January 2022. Retrieved 5 November 2022.
^ abcBen-AmiNovember 2017, Daniel. "Strategically speaking: Eastspring". IPE. Retrieved 5 November 2022.{{cite web}}: CS1 maint: numeric names: authors list (link)
^"Top 5 1st Quarter Trades of PR - GuruFocus.com". www.gurufocus.com. from the original on 5 November 2022. Retrieved 5 November 2022.
^Das, Saikat. "ICICI Prudential AMC completes a decade, highlights focus". The Economic Times. from the original on 5 November 2022. Retrieved 5 November 2022.
^"Top 10 AMCs in India 2022 | Best Mutual Fund Companies". www.fincash.com. from the original on 5 November 2022. Retrieved 5 November 2022.
^"Prudential Asset Management enters Hong Kong retail fund market". www.prudentialplc.com. from the original on 5 November 2022. Retrieved 5 November 2022.
^"BOCI-Prudential Asset Management Limited". www.ifund.com.hk. from the original on 5 November 2022. Retrieved 5 November 2022.
^"Prudential unit appoints CEO for M'sian Islamic funds business". The Star. from the original on 14 April 2016. Retrieved 5 November 2022.
^"Eastspring acquires 65% of Thailand's TMB Asset Management | Asia Asset Management". www.asiaasset.com. Retrieved 5 November 2022.
^ ab"Prudential's Eastspring buys second Thai asset manager to boost growth". Reuters. 1 October 2019. from the original on 5 November 2022. Retrieved 5 November 2022.
^. 3 January 2020. Archived from the original on 3 January 2020. Retrieved 5 November 2022.
^Ajanapanya, Nongluck (25 July 2022). "New trends make Thai saving-investment market 'brightest in SE Asia'". nationthailand. from the original on 5 November 2022. Retrieved 5 November 2022.
External linksedit
Official website
January 01, 1970
eastspring, investments, also, known, eastspring, investment, management, firm, headquartered, singapore, that, focused, investments, throughout, asia, subsidiary, prudential, headquarters, marina, financial, centrecompany, typesubsidiaryindustryinvestment, ma. Eastspring Investments also known as Eastspring is an investment management firm headquartered in Singapore that is focused on investments throughout Asia It is a subsidiary of Prudential plc Eastspring InvestmentsHeadquarters at Marina Bay Financial CentreCompany typeSubsidiaryIndustryInvestment managementFounded1994 30 years ago 1994 HeadquartersMarina Bay Financial Centre SingaporeNumber of locations11 markets in AsiaKey peopleSeck Wai Kwong CEO AUMUS 228 billion June 2023 Number of employees 400 2023 ParentPrudential plcWebsitewww wbr eastspring wbr comFootnotes references 1 2 Contents 1 History 2 Business overview 3 References 4 External linksHistory editEastspring was originally the investment management arm of Prudential Corporation Asia the Asian branch of Prudential plc that was established in 1994 1 2 3 4 5 In 1998 it formed a joint venture with ICICI Bank named ICICI Prudential Mutual Fund which is located in Mumbai and is currently one of the largest asset management companies in India 1 2 3 6 7 In 1999 it formed a joint venture with BOC International named BOCI Prudential Asset Management to provide services for Mandatory Provident Fund scheme in Hong Kong 1 2 8 9 In 2005 it formed a joint venture with CITIC Group named CITIC Prudential Fund Management Company which is based in Shanghai 1 2 In 2009 it established Eastspring Al Wara Investments Berhad in Malaysia to enter the Islamic Finance business 2 10 In 2011 the investment management arm was rebranded to have its own separate brand name Eastspring Investments 2 3 4 There were various reasons for the business to operate under its own brand name Fifty percent of its assets under management from third parties rather than Prudential itself 3 There were also legal constraints on using the name Prudential to label the firm or its products as Prudential Financial a non related US company already had the legal rights to use the name 3 Finally the business had little name recognition in the United Kingdom and at the time Prudential already had an investment management arm set up there named M amp G 3 In July 2018 it acquired 65 of TMB Asset Management from TMBThanachart Bank in Thailand 1 2 11 12 It made a further acquisition in Thailand in September 2019 where it acquired 50 1 of Thanachart Fund Management from Thanachart Bank for 137m 1 2 12 13 In 2022 all Thailand entities were merged into one entity forming Eastspring Asset Management Thailand Company Limited 14 Business overview editEastspring is focused on 11 markets in Asia and is headquartered in Singapore Although its business is mainly in Asia it has additional distribution offices in North America and Europe 1 2 3 4 Eastspring focuses on four asset classes Equity Fixed Income Multi Asset Solutions and Quantitative 1 References edit a b c d e f g h i Wayback Machine PDF 5 November 2022 Archived from the original PDF on 5 November 2022 a b c d e f g h i j Company overview Global Eastspring Investments www eastspring com Archived from the original on 2 December 2022 Retrieved 5 November 2022 a b c d e f g New name signals global push for Eastspring Moves AsianInvestor 28 January 2022 Archived from the original on 28 January 2022 Retrieved 5 November 2022 a b c Ben AmiNovember 2017 Daniel Strategically speaking Eastspring IPE Retrieved 5 November 2022 a href Template Cite web html title Template Cite web cite web a CS1 maint numeric names authors list link Top 5 1st Quarter Trades of PR GuruFocus com www gurufocus com Archived from the original on 5 November 2022 Retrieved 5 November 2022 Das Saikat ICICI Prudential AMC completes a decade highlights focus The Economic Times Archived from the original on 5 November 2022 Retrieved 5 November 2022 Top 10 AMCs in India 2022 Best Mutual Fund Companies www fincash com Archived from the original on 5 November 2022 Retrieved 5 November 2022 Prudential Asset Management enters Hong Kong retail fund market www prudentialplc com Archived from the original on 5 November 2022 Retrieved 5 November 2022 BOCI Prudential Asset Management Limited www ifund com hk Archived from the original on 5 November 2022 Retrieved 5 November 2022 Prudential unit appoints CEO for M sian Islamic funds business The Star Archived from the original on 14 April 2016 Retrieved 5 November 2022 Eastspring acquires 65 of Thailand s TMB Asset Management Asia Asset Management www asiaasset com Retrieved 5 November 2022 a b Prudential s Eastspring buys second Thai asset manager to boost growth Reuters 1 October 2019 Archived from the original on 5 November 2022 Retrieved 5 November 2022 Eastspring completes acquisition of Thai mutual fund manager 3 January 2020 Archived from the original on 3 January 2020 Retrieved 5 November 2022 Ajanapanya Nongluck 25 July 2022 New trends make Thai saving investment market brightest in SE Asia nationthailand Archived from the original on 5 November 2022 Retrieved 5 November 2022 External links editOfficial website Retrieved from https en wikipedia org w index php title Eastspring Investments amp oldid 1213956017, wikipedia, wiki, book, books, library,
