PGIM, a $1.4 trillion asset management firm, is undergoing a leadership transition as David Hunt prepares to become chairman and Jacques Chappuis assumes the role of president and CEO.
The company is focusing on private credit, real assets, and international growth, with a particular emphasis on expanding in Europe and Asia.
Hunt has laid a strong foundation for PGIM"s expansion, especially in the private alternatives sector, and sees significant potential for further growth in private credit.
The firm is also looking to fill the void left by banks in middle-market lending and asset-backed financing, positioning itself as a provider of alternative lending options.
PGIM has been expanding internationally, with a growing presence in Japan and London, and has enhanced its insurance asset management business through strategic partnerships.
Despite the trend towards passive investment strategies, PGIM remains committed to active management, believing it generates superior alpha.
Overall, PGIM is well-positioned for growth and success in the asset management industry.