All The Credit, Ep. 7
In episode seven, Host and Senior Portfolio Manager Mike Collins welcomes John Vibert, PGIM Fixed Income's Head of Securitized Products.
655 Broad Street
Newark, NJ, United States
John Vibert is a Managing Director and President of PGIM Fixed Income. In addition to assisting with the strategic direction of the business, Mr. Vibert has oversight of our Operations, Technology and Business Management functions, as well as oversight of our London and Japan offices. He also oversees our U.S. and European CLO business. Mr. Vibert is co-chair of PGIM FI’s Culture Council and co-lead of the Education, Awareness and Training workstream, which is part of PGIM FI’s broader Racial Equity and Cultural Change initiative. Prior to his present role, Mr. Vibert was Head of PGIM Fixed Income’s Securitized Products Team. Prior to joining the Firm in 2014, Mr. Vibert was the lead portfolio manager for BlackRock’s mortgage credit portfolios and the lead trader for its non-agency Residential Mortgage-Backed Securities (RMBS) trading team. Before joining BlackRock, Mr. Vibert was a managing director at Credit Suisse, where he was head of adjustable-rate mortgage trading and co-head of non-agency RMBS trading. Earlier, he was a mortgage trader at Morgan Stanley and began his career as a quantitative analyst in the mortgage research department of Salomon Brothers. Mr. Vibert earned a BS in Engineering, with distinction, from Cornell University.
Commonly cited ESG concerns, such as labor practices, corruption, corporate governance, and environmental stewardship, do not prominently feature in many assets common to securitization. However, such interpretations rely on an overly narrow perspective, and ESG considerations-particularly Social and Governance issues-are integral to successfully investing in securitized assets over the long term. In fact, as we discuss in this paper, we believe that securitized asset investors who ignore ESG considerations are failing to heed some of the most important lessons of the global financial crisis.
All information as of May 2023. For purposes of the biographies, the “Firm” is defined as Prudential Financial, Inc. ("PFI"). All PGIM and Prudential named entities are subsidiaries or affiliates of PFI. 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.