PGIM boosts institutional business with Europe, Mid East, North America hires
PGIM, the $1.3trn management business of US insurer Prudential Financial, has announced key hires to support its Institutional Relationship Group's (IRG) business lines in Europe, the Middle East and North America,
In Europe, the group has been joined by Stephen Oxley as managing director, based in London and responsible for Continental Eujrope, and Middle East client coverage, and Udo von Werne, also managing director, based in Zurich and responsible for the DACH region.
Oxley (below left) joins from Paamco Prisma, where he most recently was vice chairman and partner, heading its European office. Prior to that he was at Watson Wyatt as a senior investment consultant.
Von Werne (below centre) was previously at Nikko AM as CEO for the EMEA region. Before that he was head of Institutional Clients, Continental Europe at Pictet AM, based in Zurich. He has also held roles at Zurich Financial Services and UBS in Zurich. He replaces Wolfgang Susbauer, who becomes head of Germany & Austria at PGIM Fixed Income, based in PGIM's Munich office.
In the US, Keshav Rajagopalan (below right) has joined as an institutional client director, working with clients in the US and Canada, as well as leading certain global strategic initiatives. He joins from PGIM Investments, the fund manufacturing and distribution business, where he co-headed the ETF business. Before PGIM Investments, he spent several years on the PGIM corporate strategy team, and before that was a mangement consultant at McKinsey & Company.
All three hires will report to Cameron Lochhead, global head of IRG. They also reflect the desire of PGIM to build business lines outside the US, something that was outlined in a recent interview with Kimberly LaPointe, the head of PGIM Investments International (https://www.investmenteurope.net/news/4006861/shadows-pgim-europe-plans )
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