Prudential Financial, Inc. CEO Andy Sullivan on Convergence of Insurance and Asset Management
Andy Sullivan, CEO of Prudential Financial, Inc. joins Bloomberg TV during the 2025 Milken Institute Global Conference.
Institutional giant PGIM targeting FOs, HNWs in Asia
Although PGIM has traditionally focused on institutional investors, having inked a distribution deal with Bank of Singapore last year, the asset manager is now seeking to bring its institutional-level management to family offices and high-net-worth clients in Asia.
“We have 32 UCITS funds across diversified asset classes available for Asian clients, with a very healthy alternatives book that combines both liquid and semi-liquid products. We have been in active discussions with wealth managers and private banks throughout the region for a broad range of strategies across the public and private markets,” Stuart Parker, president and CEO for PGIM Investments, told Asian Private Banker during his recent trip to Hong Kong.
PGIM Investments is the fund distribution arm of PGIM.
Disclosures:
ABOUT PGIM
PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU), a leading global investment manager with more than $1.2 trillion in assets under management as of March 31, 2023. With offices in 18 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate, private credit and alternatives. For more information about PGIM, visit pgim.com.
Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.
ABOUT DEERPATH CAPITAL MANAGEMENT, LP
Deerpath Capital Management, LP is a leading provider of senior debt financing to U.S. lower middle market companies backed by private equity sponsors. Since its inception in 2007, the direct lending firm has deployed more than $8.8 billion in more than 850 investments. As of March 2023, the firm had more than $5 billion of AUM. For more information, please visit deerpathcapital.com.
This material is provided for informational purposes only. Investing involves risk, including possible loss of principal.
©2023 Prudential Financial, Inc. and its related entities. PGIM, PGIM Investments, Jennison Associates, Jennison, PGIM Fixed Income, PGIM Limited, PGIM Quantitative Solutions, PGIM Real Estate, and the PGIM logo are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide
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