PineBridge Investments has added David Jiang as chief executive. Jiang previously spent seven and a half years as CEO of the Asia-Pacific region for BNY Mellon Asset Management. He replaces Win Neuger, who has resigned as chief executive and will assume the role of vice chairman.
PineBridge Investments, (“PineBridge”) the global multi-asset class investment manager, is pleased to announce that its Board of Directors has appointed David T. Jiang as Chief Executive Officer, effective March 1, 2012.
Mr. Jiang is a highly experienced investment management professional with an outstanding industry track record. He spent seven and a half years as CEO of the Asia-Pacific region for BNY Mellon Asset Management, during which time Mr. Jiang oversaw the development of a suite of solutions tailored to specific client needs in Japan, Asia and Australia. Under his leadership, the Asia business grew to US$50 billion of AuM in active strategies across Equities, Fixed Income and Alternatives. As the Global Head of Passive, ETF, Beta, and Transition Management for BNY Mellon Asset Management, he added over US$100 billion of reported AuM, globally, in under a year and a half. While at BNY Mellon Corporation, Mr. Jiang also served as Co-Head of the Sovereign Advisory Board, overseeing the bank’s growth in sovereign wealth funds and central banks around the world. Previously, he was a Senior Portfolio Manager at Franklin Portfolio Associates.
Win J. Neuger has resigned as Chief Executive Officer and, effective March 1, 2012, will assume the role of Vice Chairman. In this capacity, he will work with sales and distribution teams across the firm to manage client relationships. He will also advise the Executive Committee on matters of firm strategy and management. Mr. Neuger will report to Mervyn Davies, Lord Davies of Abersoch, Chairman of the Board of Directors of PineBridge.
Speaking on behalf of the Board of Directors, Lord Davies said, “David’s appointment underscores our commitment to clients worldwide. He is a seasoned investment professional with an international perspective and a first-class track record. Under his direction, PineBridge clients will see the firm build upon its current franchise strengths across emerging and developed markets and become an industry leader.”
Lord Davies continued, “Win Neuger, in his capacity as the first Chief Executive Officer of PineBridge and its predecessor companies, led the firm through its transition to independence. We appreciate his many contributions during his tenure, as well as his leadership during this critical period.”
Mr. Jiang said, “PineBridge’s focus is to create value for its clients, and my priority going forward will therefore be to deliver innovative products and superior investment performance. I was attracted to the firm’s global footprint which enables us to provide unique solutions to investors in both developed and emerging markets. I’m excited to be joining an exceptional team of asset management professionals and look forward to working with everyone to serve the best long-term interests of our clients.”
About PineBridge Investments
PineBridge Investments manages US$67.3 billion in assets, as of 31 December 2011, for institutional and individual clients across an extensive platform of listed equity, fixed income, private equity and hedge fund strategies. With more than 800 employees, PineBridge Investments’ strong global network captures local market knowledge and identifies potential opportunities for the benefit of investors around the world. For additional information on PineBridge Investments, visit www.pinebridge.com.
David T. Jiang Biography
David T. Jiang is an experienced investment management executive, having spent nearly eight years as CEO of Asia-Pacific for BNY Mellon Asset Management, during which time he built a business of over US$50 billion in AuM engaging in active strategies across Equities, Fixed Income, and Alternatives. Prior to that, during his tenure as Global Head of Passive and ETF at BNY Mellon, Mr. Jiang added over US$100 billion of reported AuM, globally. Further, at BNY Mellon Corporation, Mr. Jiang also served as Co-Head of the bank’s Sovereign Advisory Board, overseeing its growth in sovereign wealth funds and central banks around the world. Previously, he was a Senior Portfolio Manager at Franklin Portfolio Associates, where he managed over US$4 billion in US and International equity portfolios and over half a billion in long-short hedged portfolios. He has a unique international perspective, having held senior executive positions in Tokyo, London, Hong Kong, Shanghai, San Francisco and New York. Mr. Jiang earned his Master’s degree from Harvard University and holds a Bachelor’s degree from Georgetown University.