Careers Contact Us
Menu

AllianzGI appoints new CIO Asia Pacific Equity

  • Wilfred Sit to join AllianzGI from Hang Seng Investment Management in January 2025
  • To succeed Raymond Chan as CIO Asia Pacific Equity

20.11.2024 | Allianz Global Investors, one of the world’s leading active asset managers, announced today the appointment of Wilfred Sit as its new CIO Equity, Asia Pacific, responsible for managing a winning Equity team in the region. Wilfred will join in January 2025 and will be based in Hong Kong, succeeding Raymond Chan, who will be retiring after a multi-decade career with AllianzGI.

Wilfred joins us from Hang Seng Investment Management, where he has served as Chief Investment Officer since January 2019, leading an investment team that manages over USD 45 billion in assets as of the end of September, including a diverse array of equity strategies and products tailored for both retail and institutional markets. In 2024, he was named CIO of the Year in Hong Kong by the Asia Asset Management Best of the Best Awards, as well as CIO of the Year - Equity award from the Insights and Mandates Professional Investment Award.

Wilfred has over 30 years of experience in the asset management industry, with a proven track record in leading multi-location investment teams, managing diverse Asian equity portfolios, and driving the growth of equity franchises across the region. Previously, he held key roles as Chief Investment Officer for Asia and Head of Asian Equities at Baring Asset Management, as well as Regional CIO for Asia Pacific and Head of Asia Pacific Investment Strategy at Mirae Asset Global Investments. Additionally, he served as Senior Portfolio Manager for Hong Kong and China at Invesco Asia. Wilfred is an advocate for sustainable investing, having played a key role in establishing a responsible investment team and developing relevant policies in his current position. He has also obtained qualifications from the University of Cambridge Institute for Sustainability Leadership.

Commenting on the succession, Virginie Maisonneuve, Global CIO Equity, said:

“Raymond has been instrumental in building our Asia Pacific Equity franchise and expanding it into new asset classes, including China A-shares and Indian equity. We extend our deep gratitude to Raymond for his unwavering dedication during his years at AllianzGI and wish him all the best in his retirement.

As we welcome Wilfred, we are excited to leverage his extensive knowledge and expertise to drive the next phase of growth for our APAC equity platform. Together, we look forward to evolving our equity offerings in line with the growing needs of our clients.”


Media Contacts:

Angie Tang
Tel +852 2238 8588
Email: angie.tang@allianzgi.com

Celia Fong
Tel +852 2238 8579
Email: celia.fong@allianzgi.com

 

About Allianz Global Investors

Allianz Global Investors is a leading active asset manager with over 600 investment professionals in over 20 offices worldwide and managing EUR 560 billion in assets. We invest for the long term and seek to generate value for clients every step of the way. We do this by being active – in how we partner with clients and anticipate their changing needs, and build solutions based on capabilities across public and private markets. Our focus on protecting and enhancing our clients’ assets leads naturally to a commitment to sustainability to drive positive change. Our goal is to elevate the investment experience for clients, whatever their location or objectives.

Data as at 30 September 2024. Total assets under management are assets or securities portfolios, valued at current market value, for which Allianz Global Investors companies are responsible vis-á-vis clients for providing discretionary investment management decisions and portfolio management, either directly or via a sub-advisor (these include Allianz Global Investors assets which are now sub-advised by Voya IM since 25 July 2022). This excludes assets for which Allianz Global Investors companies are primarily responsible for administrative services only. Assets under management are managed on behalf of third parties as well as on behalf of the Allianz Group.

 

 

  • Disclaimer
    Investing involves risk.The value of an investment and the income from it will fluctuate and investors may not get back the principal invested. Past performance is not indicative of future performance. This is a marketing communication. It is for informational purposes only. This document does not constitute investment advice or a recommendation to buy, sell or hold any security and shall not be deemed an offer to sell or a solicitation of an offer to buy any security.

    The views and opinions expressed herein, which are subject to change without notice, are those of the issuer or its affiliated companies at the time of publication. Certain data used are derived from various sources believed to be reliable, but the accuracy or completeness of the data is not guaranteed and no liability is assumed for any direct or consequential losses arising from their use. The duplication, publication, extraction or transmission of the contents, irrespective of the form, is not permitted.

    This material has not been reviewed by any regulatory authorities. In mainland China, it is for Qualified Domestic Institutional Investors scheme pursuant to applicable rules and regulations and is for information purpose only. This document does not constitute a public offer by virtue of Act Number 26.831 of the Argentine Republic and General Resolution No. 622/2013 of the NSC. This communication's sole purpose is to inform and does not under any circumstance constitute promotion or publicity of Allianz Global Investors products and/or services in Colombia or to Colombian residents pursuant to part 4 of Decree 2555 of 2010. This communication does not in any way aim to directly or indirectly initiate the purchase of a product or the provision of a service offered by Allianz Global Investors. Via reception of his document, each resident in Colombia acknowledges and accepts to have contacted Allianz Global Investors via their own initiative and that the communication under no circumstances does not arise from any promotional or marketing activities carried out by Allianz Global Investors. Colombian residents accept that accessing any type of social network page of Allianz Global Investors is done under their own responsibility and initiative and are aware that they may access specific information on the products and services of Allianz Global Investors. This communication is strictly private and confidential and may not be reproduced, except for the case of explicit permission by Allianz Global Investors. This communication does not constitute a public offer of securities in Colombia pursuant to the public offer regulation set forth in Decree 2555 of 2010. This communication and the information provided herein should not be considered a solicitation or an offer by Allianz Global Investors or its affiliates to provide any financial products in Brazil, Panama, Peru, and Uruguay. In Australia, this material is presented by Allianz Global Investors Asia Pacific Limited (“AllianzGI AP”) and is intended for the use of investment consultants and other institutional /professional investors only, and is not directed to the public or individual retail investors. AllianzGI AP is not licensed to provide financial services to retail clients in Australia. AllianzGI AP is exempt from the requirement to hold an Australian Foreign Financial Service License under the Corporations Act 2001 (Cth) pursuant to ASIC Class Order (CO 03/1103) with respect to the provision of financial services to wholesale clients only. AllianzGI AP is licensed and regulated by Hong Kong Securities and Futures Commission under Hong Kong laws, which differ from Australian laws.

    This document is being distributed by the following Allianz Global Investors companies: Allianz Global Investors GmbH, an investment company in Germany, authorized by the German Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin); Allianz Global Investors (Schweiz) AG; Allianz Global Investors UK Limited, authorized and regulated by the Financial Conduct Authority; in HK, by Allianz Global Investors Asia Pacific Ltd., licensed by the Hong Kong Securities and Futures Commission; in Singapore, by Allianz Global Investors Singapore Ltd., regulated by the Monetary Authority of Singapore [Company Registration No. 199907169Z]; in Japan, by Allianz Global Investors Japan Co., Ltd., registered in Japan as a Financial Instruments Business Operator [Registered No. The Director of Kanto Local Finance Bureau (Financial Instruments Business Operator), No. 424], Member of Japan Investment Advisers Association, the Investment Trust Association, Japan and Type II Financial Instruments Firms Association; in Taiwan, by Allianz Global Investors Taiwan Ltd., licensed by Financial Supervisory Commission in Taiwan; and in Indonesia, by PT. Allianz Global Investors Asset Management Indonesia licensed by Indonesia Financial Services Authority (OJK).

Allianz Global Investors

You are leaving this website and being re-directed to the below website. This does not imply any approval or endorsement of the information by Allianz Global Investors Asia Pacific Limited contained in the redirected website nor does Allianz Global Investors Asia Pacific Limited accept any responsibility or liability in connection with this hyperlink and the information contained herein. Please keep in mind that the redirected website may contain funds and strategies not authorized for offering to the public in your jurisdiction. Besides, please also take note on the redirected website’s terms and conditions, privacy and security policies, or other legal information. By clicking “Continue”, you confirm you acknowledge the details mentioned above and would like to continue accessing the redirected website. Please click “Stay here” if you have any concerns.