Wilfred Sit to Lead Asia Pacific Equity at AllianzGI
People | Nov 20, 2024 | Allianz Global Investors GmbH
Allianz Global Investors, a prominent active asset manager, has appointed Wilfred Sit as the new Chief Investment Officer for Asia Pacific Equity. Sit will take on his new role in January 2025, replacing Raymond Chan who is set to retire. Sit joins AllianzGI from Hang Seng Investment Management, where he has been CIO since 2019, overseeing an investment team managing over $45 billion in assets. With more than 30 years of industry experience and a background in sustainable investing, Sit is expected to help AllianzGI enhance its equity offerings across Asia Pacific.
Sectors
- Asset Management
- Equity Investment
Geography
- Hong Kong – Wilfred Sit will be based in Hong Kong as the new CIO for Asia Pacific Equity at Allianz Global Investors.
- Asia Pacific – The focus of the new appointment and equity management responsibilities span across the Asia Pacific region.
Industry
- Asset Management – The article focuses on Allianz Global Investors, an asset management company, and discusses changes in its leadership for the Asia Pacific Equity sector.
- Equity Investment – The role and responsibilities of the incoming and outgoing CIOs are centered around managing equity investments in the Asia Pacific region.
Financials
- USD 45 billion – Assets under management led by Wilfred Sit at Hang Seng Investment Management as of the end of September 2024.
- EUR 560 billion – Total assets under management by Allianz Global Investors as of 30 September 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Allianz Global Investors | Appointing Company | Company | A leading active asset manager making a key leadership appointment for its Asia Pacific Equity division. |
| Wilfred Sit | Incoming CIO Asia Pacific Equity | Person | Newly appointed CIO for Asia Pacific Equity at AllianzGI, previously CIO at Hang Seng Investment Management. |
| Raymond Chan | Outgoing CIO Asia Pacific Equity | Person | Retiring CIO of Asia Pacific Equity at AllianzGI, known for expanding the firm's equity franchise. |
| Hang Seng Investment Management | Current Employer of Wilfred Sit | Company | Previous employer of Wilfred Sit where he served as CIO. |