PGIM opens office in Jeonju, South Korea
The strategic move reinforces PGIM’s long-term partnership with National Pension Service (NPS) in South Korea, the world’s third-largest pension fund.
LONDON, 3 June 2020 – PGIM Fixed Income, a global asset manager offering active solutions across all fixed income markets with US$868 billion in assets under management*, has hired Katharine Neiss into the newly created role of chief European economist, effective immediately.
PGIM Fixed Income is part of PGIM, the global investment management business of US-based Prudential Financial, Inc. (PFI) (NYSE: PRU) and one of the world’s top 10 asset managers with more than US$1.3 trillion in assets under with more than US$1.3 trillion in assets under management*.
Neiss is a member of PGIM Fixed Income’s Global Macroeconomic Research team, which is led by Nathan Sheets, former undersecretary of the US Treasury for international affairs, who previously worked at the Federal Reserve Board, most recently as director of the Division of International Finance and FOMC Economist.
Neiss joins from the Bank of England where she was for over 20 years, most recently as head of the International Surveillance Division. Previous roles include head of the Policy, Strategy and Implementation Division and senior manager roles in both the International Economic Analysis and Structural Economic Analysis Divisions. She has published research on a range of topics including the role of the real interest rate as a monetary policy indicator.
Neiss is based in London, responsible for analysing and advising on the UK and European economies and markets with a focus on the activity and impact of the Bank of England and European Central Bank.
“Understanding the role of macroeconomics in market behaviour has long been an important focus for us and in these extremely uncertain times becomes even more critical”, Sheets said. “We are delighted to welcome Katharine to the team, to bring on-the-ground European coverage. Her strong credentials in international trade, finance and monetary economics will be of great value as we continue to provide analysis and insight to our investment teams and global clients.”
*All data as at 31 March 2020
About PGIM Fixed Income
PGIM Fixed Income, with US$868 billion in assets under management as of 31 March 2020, is a global asset manager offering active solutions across all fixed income markets. The company has offices in Newark, N.J., London, Tokyo and Singapore. For more information, visit pgimfixedincome.com.
About PGIM
PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), ranks among the top 10 largest asset managers in the world* with more than US$1.3 trillion in assets under management as of 31 March 2020. With offices in 16 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 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.
*As ranked in Pensions & Investments’ Top Money Managers list, 27 May 2019; based on PFI total worldwide institutional assets under management as of 31 Dec. 2018. Assets under management (AUM) are based on company estimates and are subject to change.
Issued by PGIM Limited. Registered office: Grand Buildings, 1-3 Strand, Trafalgar Square, London, WC2N 5HR. PGIM Limited is authorised and regulated by the Financial Conduct Authority of the United Kingdom (Firm Reference Number 193418) and duly passported in various jurisdictions in the European Economic Area.
Joanna Drew
+44 207 766 4831
joanna.drew@pgim.com
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