Raj Shant has joined Jennison Associates, an affiliate of PGIM, as a portfolio specialist from his previous role as head of European equities at Newton Investment Management.
The appointment comes as Jennison seeks to grow its European institutional footpring, and Shant (pictured) will report to Peter Clark, managing director and head of product and strategy at Jennison. Previously, as head of European equities at Newong, he was tasked with growing the business growth around the asset class
Clark said: "We are excited to build out the success of Jennison's truly active, fundamentals-based investing model in Europe. The flagship strategies have already been successful with US and international investors, but there is potential for growth across the Atlantic. Raj's entrepreneurial nature and familiarity with the multi-boutique structure makes him an excellent choice for further leveraging the PGIM scale and pursuing the growth of our European institutional client base. His aptitude for forming strong relationships fits naturally with the Jennison ‘human touch' approach, which emphasises personal engagement with clients as well as portfolio company management."