The New York-headquartered investment house has boosted its Asian business development capabilities with two senior hires from Amundi.

PineBridge Investments has appointed Maggie Zhao as managing director, business development, and Leo Li as vice president, institutional development.

Based in Hong Kong, the pair join from Amundi, where Zhao was head of China client coverage and development and Li was vice president, China business development.

In her new role, Zhao leads a four-person business development team, focusing on China, Hong Kong, Macau and the Philippines. She reports to Rajeev Mittal, the firm's Asia chief executive, while Li reports to her.

PineBridge managed $82.5 billion as of the end of March 2016 for a global client base including institutions, intermediaries, insurance companies, ultra-high net worth individuals and family offices. The firm is majority-owned by a subsidiary of Pacific Century Group, an Asia-based private investment group.