BEA Union Investment Management has appointed Janet Li as chief executive officer and Samson Chan as chief operating officer.
Li succeeds Eleanor Wan, who is stepping down after 12 years with the company. Wan will stay on as adviser.
During Wan’s term, the company has made significant strides, including becoming the first to set up public funds under the open-ended fund company (OFC) structure and the first to incorporate an investment management wholly foreign-owned enterprise (IM-WFOE) in Qianhai, Shenzhen.
Li has more than 20 years of experience in the financial industry. Joining the company from 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.
Chan, who succeeds Keith Cheung, joined BEA Union Investment from Allianz Global Investors where he spent 16 years, with his last role being business and operations transformation director for Asia-Pacific. Chan had also worked for JPMorgan Securities and Accenture.
Formed in 2007, BEA Union Investment Management is a joint venture between Bank of East Asia and Union Asset Management Holding of Germany. As of March 30 2023, it held US$7.6 billion in assets under management and advisory.