Public-Private Debt Convergence Puts the Squeeze on Smaller Managers
PGIM’s Phil Waldeck and Gabriel Rivera discuss the convergence of public and private credit in FundFire.
The digitization of banking over the last decade has dramatically changed the way people pay, save and invest. Even as technology drives rapid change, human interaction is more important than ever before. In a recent discussion between Tim Welsh, Vice Chair, Consumer and Business Banking, U.S. Bank, and PGIM President and CEO David Hunt, they discuss the evolution of consumer banking, the digital experience, and the rise of technology such as AI. They also talk about how they both have led with purpose (learn about the symbolism of Tim’s red tennis shoes) and developed talent during times of change – all to help their customers and clients build their businesses, obtain financial security and save for retirement.
PGIM’s Phil Waldeck and Gabriel Rivera discuss the convergence of public and private credit in FundFire.
Hunt joined Bloomberg TV to reflect on his tenure at PGIM, the firm’s global growth, and the evolution of asset management during his career.
Andy Sullivan, CEO of Prudential Financial, Inc. joins Bloomberg TV during the 2025 Milken Institute Global Conference.