PGIM Investments invests in senior talent as part of global expansion
October 29 2019 - 7:00AM
Business Wire
PGIM Investments has made senior-level hires across its
marketing and technology functions, as well as expanded roles of
two senior executives. The investment in top talent comes on the
heels of 10 consecutive years of positive net flows for the retail
fund shop, underscoring the firm’s ongoing commitment to serving
its growing client base both in the U.S. and internationally.
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Ray Ahn, global chief marketing officer,
PGIM Investments (Photo: Business Wire)
PGIM Investments is the global manufacturer and fund distributor
of PGIM Inc., the $1.3 trillion global investment management
business of Prudential Financial, Inc. (NYSE: PRU) – a top-10
investment manager globally.
Coupled with attractive investment results, PGIM Investments has
grown its mutual fund assets under management from $28 billion to
$115 billion over the past 10 years.* To continue building its
global capabilities, PGIM Investments has added experienced
leadership in its marketing and technology functions.
Global Chief Marketing Officer
With more than 25 years of investment management marketing
experience, Ray Ahn joins PGIM Investments as global chief
marketing officer. Most recently with Capital Group/American Funds,
Ahn will lead the marketing strategy and marketing team expansion
for the retail intermediary channels in both the U.S. and
internationally. At Capital Group/American Funds, Ahn led the
firm’s build-out of its international marketing function, as well
as led product marketing teams in the U.S. He previously held
marketing roles at ProShares, T. Rowe Price and BlackRock.
Global Chief Technology and Operations Officer
With more than 30 years of financial services industry
experience, Indy Reddy joined PGIM Investments as global chief
technology and operations officer. Reddy previously served as
global head of technology and operations for Citi Private Bank
& Personal Wealth Management. He will lead the build-out of the
technology platform to support the firm’s global expansion plans,
overseeing teams spanning fund administration, transfer agency and
client service. He previously held senior technology roles with
Credit Suisse and Deutsche Bank.
Expansion of Senior Leadership Roles
In addition to augmented leadership in marketing and technology,
PGIM Investments has expanded the role of two senior
executives.
Jim Devaney has assumed the role of U.S. head of distribution,
expanding his responsibilities to include both U.S. intermediary
sales and U.S. national accounts. U.S. distribution has been a key
contributor to PGIM Investments’ growth by helping to drive 10
consecutive years of positive net flows totaling nearly $50 billion
over that time. The U.S. national accounts team was previously led
by Kimberly LaPointe.
Kimberly LaPointe has assumed a newly created role as head of
PGIM Investments International. LaPointe has relocated to London
and is focused on accelerating PGIM Investments’ growth plans
outside of the U.S. Launched in 2013, PGIM Investments’ UCITS
offering spans 29 funds registered in 17 countries across Europe,
Latin America and Asia. The firm’s UCITS range has grown from $1
billion to $4.5 billion over the past three years and established
local distribution teams across the U.K., Germany and
Switzerland.
Stuart Parker, president and CEO of PGIM Investments, noted,
“PGIM Investments is committed to bringing the best to our clients.
We’re continuing to invest in talent to serve our clients around
the world.”
About PGIM Investments and PGIM
Funds
PGIM Investments LLC offers more than 100 funds globally across
a broad spectrum of asset classes and investment styles. All
products draw on PGIM’s globally diversified investment platform
that encompasses the expertise of managers across fixed income,
equities and real estate.
PGIM Funds plc is an Ireland-domiciled UCITS umbrella fund
serving institutional and wholesale investors across the globe. For
a full list of funds available in your region, visit
pgimfunds.com.
About PGIM
With 16 consecutive years of positive third-party institutional
net flows, PGIM, the global asset management business of Prudential
Financial, Inc. (NYSE: PRU), ranks among the top 10 largest asset
managers in the world** with more than $1 trillion in assets under
management as of Sept. 30, 2019. PGIM’s businesses offer a range of
investment solutions for retail and institutional investors around
the world across a broad range of asset classes, including
fundamental equity, quantitative equity, public fixed income,
private fixed income, real estate and commercial mortgages. Its
businesses have offices in 15 countries across four continents. For
more information, please visit pgim.com.
Prudential Financial, Inc. of the United States is not
affiliated with Prudential plc, which is headquartered in the
United Kingdom. For more information please visit
news.prudential.com.
*Source: Strategic Insights/SIMFUND for the 10-year period ended
Sept. 30, 2019, including Long-Term mutual funds only; excludes
Money Market funds, Closed-End Funds and ETFs.
** Pensions & Investments’ Top Money Managers list, May 27,
2019; based on Prudential Financial total worldwide institutional
assets under management as of Dec. 31, 2018. Assets under
management (AUM) are based on company estimates and are subject to
change.
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MEDIA: Sheila Kulik 203-745-2523
skulik@prosek.com
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