PGIM Investments invests in senior talent as part of global expansionPGIMInvestmentsinvestsinseniortalentaspartofglobalexpansion

NEWARK, N.J., October 29, 2019 - PGIM Investments has made senior-level hires across its marketing and technology functions, as well as expanded roles of two senior executives. The investment in top talent comes on the heels of 10 consecutive years of positive net flows for the retail fund shop, underscoring the firm’s ongoing commitment to serving its growing client base both in the U.S. and internationally.

PGIM Investments is the global manufacturer and fund distributor of PGIM Inc., the $1.3 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU) – a top-10 investment manager globally.

Coupled with attractive investment results, PGIM Investments has grown its mutual fund assets under management from $28 billion to $115 billion over the past 10 years.* To continue building its global capabilities, PGIM Investments has added experienced leadership in its marketing and technology functions.

Global Chief Marketing Officer

With more than 25 years of investment management marketing experience, Ray Ahn joins PGIM Investments as global chief marketing officer. Most recently with Capital Group/American Funds, Ahn will lead the marketing strategy and marketing team expansion for the retail intermediary channels in both the U.S. and internationally. At Capital Group/American Funds, Ahn led the firm’s build-out of its international marketing function, as well as led product marketing teams in the U.S. He previously held marketing roles at ProShares, T. Rowe Price and BlackRock.

Global Chief Technology and Operations Officer

With more than 30 years of financial services industry experience, Indy Reddy joined PGIM Investments as global chief technology and operations officer. Reddy previously served as global head of technology and operations for Citi Private Bank & Personal Wealth Management. He will lead the build-out of the technology platform to support the firm’s global expansion plans, overseeing teams spanning fund administration, transfer agency and client service. He previously held senior technology roles with Credit Suisse and Deutsche Bank.

Expansion of Senior Leadership Roles

In addition to augmented leadership in marketing and technology, PGIM Investments has expanded the role of two senior executives.

Jim Devaney has assumed the role of U.S. head of distribution, expanding his responsibilities to include both U.S. intermediary sales and U.S. national accounts. U.S. distribution has been a key contributor to PGIM Investments’ growth by helping to drive 10 consecutive years of positive net flows totaling nearly $50 billion over that time. The U.S. national accounts team was previously led by Kimberly LaPointe.

Kimberly LaPointe has assumed a newly created role as head of PGIM Investments International. LaPointe has relocated to London and is focused on accelerating PGIM Investments’ growth plans outside of the U.S. Launched in 2013, PGIM Investments’ UCITS offering spans 29 funds registered in 17 countries across Europe, Latin America and Asia. The firm’s UCITS range has grown from $1 billion to $4.5 billion over the past three years and established local distribution teams across the U.K., Germany and Switzerland.

Stuart Parker, president and CEO of PGIM Investments, noted, “PGIM Investments is committed to bringing the best to our clients. We’re continuing to invest in talent to serve our clients around the world.”