BEA Union Investment names new CEO as Eleanor Wan transitions on

BEA Union Investment, a joint venture formed between The Bank of East Asia and Union Investment Group, has named Janet Li (pictured left) as its new CEO, effective from 12 September 2023. She will succeed Eleanor Wan (pictured right), who will remain with the company as advisor.

With more than 20 years of experience in the financial industry, Li will be responsible for leading BEA Union Investment's business and driving its strategic growth. She will report to the Board.

Previously with Mercer, Li was a partner and the wealth business leader for Asia for more than five years. Prior to that, Li spent over 16 years with Willis Towers Watson.

With extensive experience in investment and pension consultancy, Li has been driving industry thought leadership and working closely with institutional clients and platforms on their portfolios, according to the release.

Li said: "As a leading Hong Kong-based asset manager, BEA Union Investment has the benefit of leveraging quality research and extensive network of both Bank of East Asia and Union Investment Group.”

“We understand our markets in Asia and are nimble in partnering with our clients. I look forward to working with the team to continue growing the business, delivering solid and consistent track record, and bringing BEA Union Investment to its next milestone,” she added.

Meanwhile, Wan will remain with the company as advisor after she steps down. During her 12 years at BEA Union Investment, the company has made significant strides on multiple fronts, including setting up public funds under open-ended fund company (OFC) structure, and incorporating an Investment Management Wholly-Foreign Owned Enterprise (IM-WFOE) in Qianhai, Shenzhen, said the release.

Wan said: "It has been an honour to serve as CEO of BEA Union Investment, growing the franchise and leading our close-knit teams through various market cycles[…] As I embark on a new chapter, I am delighted to pass the baton to Janet. Her leadership, deep industry knowledge, and proven track record in driving business performance will inspire and further accelerate the firm's strategic growth.”

As a joint venture formed in 2007 between The Bank of East Asia and Union Investment Group, BEA Union Investment aims to offer comprehensive investment solutions to retail, institutional and pension clients.

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