The appointment comes as the DC market enters a significant period of change, with retirement income, personalization and advice, private markets access, an evolving fiduciary landscape, and the convergence of the institutional and wealth channels reshaping how participants build and spend retirement savings.

“Qub brings deep expertise across the retirement landscape and a strong track record of building innovative solutions that address the evolving challenges facing retirement plans and their participants,” said Stuart Parker, head of Global Wealth at PGIM. “His leadership will help us further strengthen our capabilities and deliver the full scope of PGIM’s investment platform to plan sponsors and retirement investors.”

Ahmed will report to Parker. He joins the firm with more than 30 years of financial services experience, having led major retirement and insurance asset management businesses with a track record of innovation in advice, managed accounts, and private markets in DC, as well as significant industry board service.

“The DC market is entering a period of meaningful evolution as plan sponsors seek new ways to improve participant outcomes and provide access to a broader range of investment solutions spanning retirement income, alternatives, and personalized outcomes,” said Ahmed. “I’m energized by the opportunity to build on PGIM’s long-standing success in the retirement market and develop innovative solutions that deliver better outcomes for clients.”

The appointment follows a series of strategic senior hires within the DC Solutions group designed to drive better outcomes for plan participants and deepen PGIM’s relationships with the marketplace.

PGIM is a global leader in providing access to investing and retirement security. The firm has over $190 billion in total DC assets under management² and was among the first asset managers to bring private assets to the DC space when it launched a vehicle giving retirement plans access to private real estate investments over 20 years ago.

ABOUT PGIM

PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU), with $1.5 trillion in assets under management.¹ PGIM offers clients deep expertise across public and private asset classes, delivering a diverse range of investment strategies and tailored solutions — including fixed income, equities, real estate, and alternatives. With 1,500+ investment professionals across 40 offices in 20 countries, we serve retail and institutional clients worldwide. 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.

¹ As of June 30, 2026.

² As of March 31, 2026.