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Eastspring Investments picks CIO

Bill Maldonado was appointed chief investment officer of Eastspring Investments, the asset management business of Prudential.

Mr. Maldonado also joins the company’s executive management committee, according to a news release Tuesday.

Mr. Maldonado will be responsible for Eastspring’s “range of investment strategies and products, spearheading the business’ platform across equities, fixed income and multiasset strategies,” the news release said.

Mr. Maldonado was head of equities. Information about his replacement was not available.

Based in Singapore, Eastspring managed more than $222 billion of assets on behalf of institutional and retail clients as of June 30, the release said.

Eastspring could not be immediately reached for additional details.