PineBridge Investments, the multi-asset class investment manager, has appointed David Jiang as chief executive to replace Win Neuger, who has stepped down as CEO and is now vice chairman.

Jiang spent seven and a half years as CEO of the Asia-Pacific region for BNY Mellon Asset Management, where he oversaw the development of products and services tailored to client needs in Japan, Asia and Australia.

Under his leadership, the Asia business’s assets under management grew to $50 billion in active strategies across equities, fixed income and alternatives, the firm said.

At BNY Mellon Jiang also served as co-head of the sovereign advisory board, overseeing the bank’s growth in sovereign wealth funds and central banks around the world. Before that, he was a senior portfolio manager at Franklin Portfolio Associates.

In his new role, former CEO Neuger will work with sales and distribution teams to manage client relationships. Additionally, he will advise the executive committee on matters of firm strategy and management, reporting to Lord Mervyn Davies, chairman of the board of directors of PineBridge.

In January, PineBridge signed an agreement to invest in and provide services to Method Holdings' wealth management platform for registered investment advisors. 

PineBridge Investments manages $67.3 billion in assets as recorded at 31 December 2011.