Macquarie Asset Management has appointed David Chang as Head of Wealth Distribution, Asia. This new role highlights the increasing interest from Asian wealth management clients in Macquarie's infrastructure and energy transition strategies.
David Chang will be based in Singapore and collaborate with Macquarie's global network to enhance its wealth offerings in Asia, a region experiencing significant growth in private wealth. He brings over 20 years of experience and joins from Lord, Abbett & Co. LLC, where he was Head of Asia for Business Development.
Previously, Chang led J.P. Morgan Asset Management’s private bank distribution and held positions at Goldman Sachs in both the US and Asia.
Kimberly LaPointe, Macquarie Asset Management’s Head of Wealth, stated: “We are delighted to have such a proven head of wealth distribution join our team in Asia. We are seeing significant demand from Asian wealth clients for access to alternative assets, as they seek to diversify their portfolios. 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.”
David Chang expressed his enthusiasm: “Macquarie Asset Management is a global leader in infrastructure and renewable energy investing. I'm very excited to be leveraging the core investment expertise of the business to meet the growing demand from Asian private wealth clients for alternative investments, and bring the business’ full range of alternative investment capabilities to the wealth sector.”
Macquarie Asset Management has been active in Asia since 1995 across eight markets including Hong Kong and Singapore. Global wealth channels are expected to increasingly contribute capital towards Macquarie's Private Markets platforms.
This information serves as a general description of Macquarie Group only. It does not constitute advice or an offer related to financial products or services.