PGIM Investments has made senior-level hires across its marketing and technology functions, as well as expanding the roles of two senior executives.
PGIM Investments is the global manufacturer and fund distributor of PGIM Inc, the USD1.3 trillion global investment management business of Prudential Financial.
Coupled with attractive investment results, PGIM Investments has grown its mutual fund assets under management from USD28 billion to USD115 billion over the past ten years. To continue building its global capabilities, PGIM Investments has added experienced leadership in its marketing and technology functions.
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 US and internationally. At Capital Group/American Funds, Ahn led the firm’s build-out of its international marketing function, as well as product marketing teams in the US. He previously held marketing roles at ProShares, T Rowe Price and BlackRock.
With more than 30 years of financial services industry experience, Indy Reddy joins 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 at Credit Suisse and Deutsche Bank.
In addition to augmented leadership in marketing and technology, PGIM Investments has expanded the roles of two senior executives.
Jim Devaney has assumed the role of US head of distribution, expanding his responsibilities to include both US intermediary sales and US national accounts. US distribution has been a key contributor to PGIM Investments’ growth, by helping to drive ten consecutive years of positive net flows totalling nearly USD50bn over this time. The US 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 the US. 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 USD1bn to USD4.5bn over the past three years and established local distribution teams across the UK, Germany and Switzerland.
Stuart Parker, president and CEO of PGIM Investments, says: “PGIM Investments is committed to bringing the best to our clients. We are continuing to invest in talent to serve our clients around the world.”
