Allianz Global Investors has appointed Wilfred Sit as its new chief investment officer, equity, Asia-Pacific, effective January 2025.
Based in Hong Kong, Sit will succeed Raymond Chan, who will be retiring after a multi-decade career with AllianzGI.
Sit joins the firm from Hang Seng Investment Management, where he has served as CIO since January 2019, leading an investment team that manages over US$45 billion in assets as of the end of September, including a diverse array of equity strategies and products tailored for both retail and institutional markets.
He has over 30 years of experience in the asset management industry, with a proven track record in leading multi-location investment teams, managing diverse Asian equity portfolios, and driving the growth of equity franchises across the region.
Previously, he held key roles as CIO for Asia and head of Asian equities at Baring Asset Management, as well as regional CIO for Asia-Pacific and head of Asia-Pacific investment strategy at Mirae Asset Global Investments. He also served as senior portfolio manager for Hong Kong and China at Invesco Asia.
Sit is an advocate of sustainable investing, having played a key role in establishing a responsible investment team and developing relevant policies in his current position. He has also obtained qualifications from the University of Cambridge Institute for Sustainability Leadership.
