PGIM Real Estate appoints David Fassbender as deputy head of Asia Pacific
His appointment is part of the firm’s ongoing strategy in strengthening its leadership bench and positioning the Asia Pacific platform for future growth.
Jennison Associates expands fixed income unit with senior hire
NEW YORK, May 21, 2024 – Jennison Associates, the fundamental active equity and fixed income manager of PGIM, the $1.3 trillion1 global asset management business of Prudential Financial, Inc. (NYSE: PRU), has hired Stephen Weiss as managing director in Fixed Income Business Development. Jennison has $208 billion in assets under management worldwide.2
Based in Jennison’s Boston office, Weiss will report to MacKenzie Hurd, head of Institutional Business Development, and will be responsible for building relationships with Jennison’s fixed income prospects.
Weiss has more than 25 years of experience in institutional asset management, including leading sales, consultant relations, product management and client relationship management efforts across multiple channels and asset classes, both public and private. Most recently, Weiss was head of U.S. business development with SLC Management. Prior to that, he was a senior client portfolio manager at Income Research + Management.
“Jennison’s dedication to its clients and investment performance have resulted in client relationships that span decades,” said Weiss. “I’m excited to help bring the firm’s differentiated investment approach and customized solutions to a wider set of investors.”
Weiss earned a BA in political science from Tufts University and holds an MBA with a concentration in finance from Boston University. He holds the Series 7, 24 and 63 licenses and is a CFA charterholder.
“Stephen’s deep fixed income experience and long-standing relationships are a significant benefit to Jennison,” said Hurd. “We’re thrilled to have him on board.”
Jennison’s Fixed Income team has nearly $50 billion in assets under management and manages investment-grade strategies across the duration spectrum for 15 of the 20 largest retirement plans in the U.S. The team utilizes yield curve management, sector allocation and security selection to drive alpha and competitive investment returns through various market cycles with a focus on downside protection and liquidity.
ABOUT JENNISON ASSOCIATES LLC
Founded in 1969, Jennison Associates offers a range of equity and fixed income investment strategies. Its equity expertise spans styles, geographies and market capitalizations. Its fixed income capability includes investment-grade active and structured strategies of various durations. Original fundamental research, specialized investment teams, strong client focus, and highly experienced investment professionals are among the firm’s competitive distinctions. As of March 31, 2024, Jennison managed $208 billion in client assets.
Jennison is an affiliate manager of PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU). For more information, please visit jennison.com.
ABOUT PGIM
PGIM is the global asset management business of Prudential Financial, Inc. (PFI). PFI has a history that dates back over 145 years and through more than 30 market cycles. With 41 offices in 19 different countries (as of March 31, 2024), our more than 1,450 investment professionals are located in key financial centers around the world.
Our firm comprises multi-managers that collaborate with each other and specialize in a particular asset class with a focused investment approach. This gives our clients diversified solutions with global depth and scale across public and private asset classes, including fixed income, equities, real estate, private credit, and other alternatives. As a leading global asset manager with $1.34 trillion in assets under management (as of March 31, 2024), PGIM is built on a foundation of strength, stability and disciplined risk management.
For more information, 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.
2024-3589506
1As of March 31, 2024.
2As of March 31, 2024.
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