PGIM Builds a $1 Trillion Credit Unit in New CEO’s Overhaul

Prudential Financial's PGIM to Merge Units Into $1 Trillion Credit Platform

PGIM Builds a $1 Trillion Credit Unit in New CEO’s Overhaul

PGIM, Inc. is merging its public fixed-income and private-credit teams to create a unit with almost $1 trillion of assets as part of new Chief Executive Officer Jacques Chappuis’s reboot plan.

PGIM merges public and private credit arms to form $1tn global business unit

PGIM is combining its fixed income and private credit businesses to create a $1tn (£735bn) unified credit platform. Led by head of public and private fixed income John Vibert, PGIM said the move –  effective immediately – reflects growing client demand for a “more integrated approach to credit”. Matt Douglass remains head of private credit […] The post PGIM merges public and private credit arms to form $1tn global business unit appeared first on…

PGIM combines fixed income and private credit to launch $1tn credit platform - Private Equity Wire

PGIM, the asset management arm of Prudential Financial, is merging its fixed income and private credit businesses to form a nearly $1tn credit platform, in a strategic move aimed at boosting competitiveness and scalability, according to a report by Reuters. The report cites a company spokesperson as confirming the move, with the consolidated platform set to be led by John Vibert, formerly head of PGIM Fixed Income, while Matt Douglass will conti…

PGIM to merge public/private credit units into $1tn platform

The reorganization comes under the direction of PGIM's new CEO Jacques Chappuis.

PGIM merges public fixed-income and private-credit teams, creating $1tn unit

Prudential Global Investment Management (PGIM) is merging its public fixed-income and private-credit teams to form a unit with nearly $1tn in assets, reported Bloomberg, citing sources.   This move is part of new CEO Jacques Chappuis’s strategy to enhance cross-selling efforts, as investors look to consolidate their money management relationships.  PGIM currently manages $862bn in public fixed-income assets and $110bn in private credit.   The ne…