Florence Liang, CPA

Victory Capital / Pioneer Investments (formerly Amundi US) After acquiring Amundi US in April 2025, Victory Capital (~US$300bn AUM) continues the U.S. active equity platform under the Pioneer Investments brand and, together with Amundi (~€2tn AUM), the largest asset manager in Europe by AUM, maintains a distribution relationship to support continued client access to sustainable investment strategies. Member of the Boston-based Global Equity Portfolio Management team, supporting U.S.-domiciled and UCITS global equity strategies within a U.S. active asset management platform. • Integrate ESG and climate analysis into fundamental equity research and portfolio management, supporting informed investment decision-making and long-term risk-adjusted performance for U.S.-managed global portfolios. • Monitor portfolio-level ESG metrics and carbon exposure relative to benchmarks, contributing to volatility management and mitigation of sustainability-related financial risks. • Provide subject-matter expertise in energy transition, climate change, and net-zero alignment, applying global sustainability frameworks to strengthen U.S. portfolio construction and oversight. • Conduct research on policy, regulatory, and technology developments relevant to global equity markets, supporting identification of material investment risks and opportunities for U.S. investors. • Collaborate with client, product, and distribution teams to support institutional due diligence, ESG disclosures, and investor communications, translating sustainability analysis into clear, investment-relevant information that supports capital allocation to U.S.-managed strategies.

1) Prepared for trails and court hearings on Pro Bono legal services. 2) Provided financial and accounting advice to clients.

Fundamentals long-short equity and index rebalancing multi-strategies.

*Boston-based long/short asset management firm with AUM US$3bn **All sectors (Greater China) 1) Provided long-only investment ideas and assisted fund manager to manage Clough China Fund, an open-end fund listed in US (CHNAX US). 2) Fundamental, valuation and risk analysis on Chinese companies listed in HK/China/TW/SG/US. 3) Top-down (thematic) + bottom-up research through regular company visits/updates, attending conferences, plant visits, and utilizing other independent macro and industry researches. 4) Also provided long and short ideas to other funds managed within Clough in both Hong Kong and Boston.

*Largest trust bank and asset manager in Japan manages AUM US$800bn **Covered cyclical sectors (industrial, infrastructure, transportation & auto), consumer & health care (China & HK) 1) Fundamental analysis including meeting company management and conducting financial models for about 150 stocks universe; and conducting market news within the covered sectors. 2) Writing internal reports on stock recommendation and sector updates to generate value adding stock ideas to fund managers based in Japan. 3) Separately managed own virtual portfolio, which had outperformed benchmark for all the time.

*Institutional equity research division covering Pan-Asia (ex-Japan) equities under Daiwa Securities Group **Research Assistant - Transportation & Infrastructure team (China & Asia) 1) Assisted to build financial models and writing sections on company/sector/IPO reports 2) Visited company plants/sites, meeting with companies’ management and writing company notes 3) Utilized Bloomberg, Thomson DataStream, and CEIC with formula data abstracting

*Equity Research, Global Data **(Project Based) Successfully implemented a new database, “Earning Estimates (EE)”

HSBC Private Bank Advised high-net-worth clients on trust and estate planning.

*Tax advisory department 1) Provided advice to expatriates and company’s HR departments on individual tax planning under US and HK Tax System 2) Assisted senior managers in various ad-hoc projects within the company.