Macquarie Asset Management has appointed David Chang as head of wealth distribution for Asia. Chang will be based in Singapore and work closely with the firm’s global network to expand its wealth offerings in the region. Chang brings over 20 years of wealth management experience to the role.
He joins Macquarie from Lord, Abbett & Co. LLC, where he served as the head of Asia for business development. In that capacity, he was responsible for business development, relationship management, and capital raising across various investment strategies.
Chang joins Macquarie in new role
Prior to his role at Lord, Abbett & Co., Chang led JP Morgan Asset Management’s private bank distribution and covered alternatives, fixed income, equities, and multi-asset solutions. He has also held positions with Goldman Sachs in both the US and Asia.
“We are seeing significant demand from Asian wealth clients for access to alternative assets as they seek to diversify their portfolios,” said Kimberly LaPointe, Macquarie Asset Management’s head of wealth. “David will play a key role in expanding our wealth strategies in Asia through existing and new partnerships with wealth management firms in the region.”
Macquarie Asset Management has been operating in Asia since 1995 and is active in eight Asian markets, including Hong Kong and Singapore. The company anticipates that global wealth channels will increasingly contribute capital towards its Private Markets platforms in the coming years.
The newly created role underscores the growing interest of Asian wealth management clients in Macquarie Asset Management’s infrastructure and energy transition strategies, according to a statement from the Australia-based fund manager.
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