Cathay Conning Asset Management, the investments subsidiary of Taiwan’s Cathay Life Insurance, has hired a new chief executive officer.

Mark Konyn, previously chief executive at RCM, is responsible for leading CCAM's strategic growth plan in Asia. He will be Hong Kong-based, according to a statement from the firm. 

Konyn left his previous role last September after 14 years with RCM, which is owned by Allianz Global Investors. At RCM Konyn lead the Asia-Pacific investment business in Hong Kong, Japan and Australia.

CCAM is a joint venture between Taipei-based Cathay Financial and Conning & Co, a Connecticut-based asset managemer focused on the insurance industry. The JV was announced last June.

As at December 31 Cathay Financial had over $166 billion in assets under management, while Conning has almost $88 billion in assets globally.