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Eastspring aims to double AUM by 2024

Parent company Prudential plc has announced plans to accelerate Eastspring's growth, having sharpened its focus on Asia after the de-merger of the UK M&G business from operations in Asia and the US.

Mr Seck notes target of US$500 billion is a "very audacious goal" but sees the company's strong competitive advantage.

EASTSPRING Investments, a subsidiary of Prudential plc, has set its sights on an ambitious target to more than double its assets under management to US$500 billion by 2024. Seck Wai Kwong, Eastspring chief executive, acknowledged that the target - referred to internally as "five by four" - is a...