PineBridge Investments has announced the resignation of CEO David Jiang and the appointment of deputy chairman Stephen Fitzgerald as interim CEO.
"My role at PineBridge is complete," said Jiang, whose departure is effective immediately after being CEO for three years. The company is now searching for a permanent replacement.
Fitzgerald has been deputy chairman since 2013, and will continue to serve in this role. Formerly at Goldman Sachs, his positions at the firm included chairman of Australia and New Zealand, head of international asset management, head of the Asia investment management division, and chief investment officer for international fixed income.
PineBridge, which was sold in 2010 by American International Group to Pacific Century Group, reported assets under management of $72.9bn as of the end of December, 2014. Insurance assets under management total more than $35bn.
In February PineBridge appointed Anik Sen as global head of equities (IAR, 18 February, PineBridge Investments appoints equities chief).