Ray Farris Appointed Chief Economist at Eastspring Investments to Guide Global Economic Strategy

Ray Farris Appointed Chief Economist at Eastspring Investments to Guide Global Economic Strategy

(IN BRIEF) Prudential plc has appointed Ray Farris as the Chief Economist for Eastspring Investments, its asset management arm. Farris, who brings over 30 years of experience in economics and strategy, will provide macroeconomic analysis to guide Prudential’s and Eastspring’s investment strategies. Based in Singapore, he will report to Eastspring’s Chief Investment Officer, Vis Nayar. Farris previously held leadership roles at Credit Suisse, including Global Chief Economist and Chief Investment Officer for the Americas. His appointment comes at a time of increasing global economic uncertainty.

(PRESS RELEASE) LONDON, 6-Jan-2025 — /EuropaWire/ — Prudential plc (“Prudential”) has announced the appointment of Ray Farris as the Chief Economist of its asset management division, Eastspring Investments (“Eastspring”). This newly created position marks an important step for both Prudential and Eastspring, as Farris will be responsible for delivering economic analysis and insights that will guide investment strategies and decisions.

In his role as Prudential’s first-ever Chief Economist, Farris will focus on providing macroeconomic insights that reflect the evolving global economic and geopolitical landscape. His expertise will help shape a unified perspective for the organization, aligning Prudential’s economic outlook with current trends. At Eastspring, he will leverage in-depth economic data and market insights to support investment and asset allocation strategies. Based in Singapore, Farris will report to Vis Nayar, Eastspring’s Chief Investment Officer.

Commenting on the appointment, Bill Maldonado, CEO of Eastspring Investments, said, “Ray joins us at a crucial juncture, with the global macroeconomic environment facing growing uncertainty and complexity. His extensive experience and deep understanding of global markets will enhance our asset allocation strategies and strengthen the financial outcomes we deliver to our clients.”

With over 30 years of experience in economics and strategy, Farris brings a wealth of expertise to his new role. He has led research efforts across multiple continents, including a 22-year tenure at Credit Suisse where he held several leadership roles. Most recently, he served as the Global Chief Economist and Chief Investment Officer for the Americas in New York. Farris also spent over two decades in Singapore, where he was the Chief Investment Officer for South Asia and Head of Asia Economics and Fixed Income Strategy at Credit Suisse. His career began in 1991 in Hong Kong, where he was Head of Economics and Equity Strategy at Crosby Securities.

Farris holds a Master of Science in Finance from London Business School and a Bachelor of Arts in Economics from the University of North Carolina.

About Prudential plc

Prudential plc provides life and health insurance and asset management in 24 markets across Asia and Africa. Prudential’s mission is to be the most trusted partner and protector for this generation and generations to come, by providing simple and accessible financial and health solutions. The business has dual primary listings on the Stock Exchange of Hong Kong (2378) and the London Stock Exchange (PRU). It also has a secondary listing on the Singapore Stock Exchange (K6S) and a listing on the New York Stock Exchange (PUK) in the form of American Depositary Receipts. It is a constituent of the Hang Seng Composite Index and is also included for trading in the Shenzhen-Hong Kong Stock Connect programme and the Shanghai-Hong Kong Stock Connect programme.

Prudential is not affiliated in any manner with Prudential Financial, Inc. a company whose principal place of business is in the United States of America, nor with The Prudential Assurance Company Limited, a subsidiary of M&G plc, a company incorporated in the United Kingdom.

https://www.prudentialplc.com/

About Eastspring Investments

Eastspring Investments, part of Prudential plc, is a leading Asia-based asset manager that manages USD 271 billion (as of 30 September 2024) of assets on behalf of institutional and retail clients. Operating since 1994, Eastspring Investments has one of the widest footprints among asset management companies across Asia*. We provide investment solutions across a broad range of strategies including equities, fixed income, multi asset, quantitative and alternatives and are committed to delivering high quality investment outcomes for our clients over the long term.

We incorporate ESG factors into our investment process and are aligned with a number of global sustainability initiatives including the United Nations-supported Principles for Responsible Investments (PRI) and the Asia Investor Group on Climate Change (AIGCC). We collaborate alongside industry peers to harness a collective investor voice to influence and drive change with investee companies.

For more information on Eastspring Investments, please visit: www.eastspring.com

*Eastspring Investments companies (excluding joint venture companies) are ultimately wholly owned/indirect subsidiaries of Prudential plc of the United Kingdom. Eastspring Investments companies (including joint venture companies) and Prudential plc are not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America or with the Prudential Assurance Company Limited, a subsidiary of M&G plc (a company incorporated in the United Kingdom).

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SOURCE: Prudential plc