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PineBridge names David Jiang as CEO

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David T. Jiang has been appointed CEO of PineBridge Investments, having previously spent seven and-a-half years as head of BNY Mellon Asset Management’s Asia Pacific operations. Win J. Neuger, Jiang’s predecessor, has assumed the role of vice chairman, in which he will advise the executive committee on strategy and management.

During his time at BNY Mellon, Jiang grew the Asia business to $50 billion of assets under management across equities, fixed income and alternatives. He also served as co-head of the sovereign advisory board, overseeing sovereign wealth fund and central bank penetration. Prior to BNY Mellon, Jiang was a senior portfolio manager at Franklin Portfolio Associates.

Lord Davies of Abersoch, chairman of the PineBridge board, said of Jiang's appointment: "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."

PineBridge had $67.3 billion in assets under management at the end of 2011. The firm's previous two growth capital funds targeting Asia were raised under the AIG brand. Richard Li's Pacific Century Group acquired the business from AIG for about $500 million in March 2010.

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