PGIM expands global footprint into the Middle East with senior appointment
PGIM has appointed Mohammed Abdulmalek as senior advisor and chairman of PGIM’s Middle East council.
NEWARK, N.J., March 5, 2018 – Brian Reid has been elected as an independent director effective March 1 for open-end mutual funds offered by PGIM Investments, the $100 billion1 global manufacturer and fund distributor of PGIM. PGIM is the $1 trillion global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).
“Mr. Reid’s extensive policy background in the financial markets and the economy will be a great asset to our shareholders as we continue to help them navigate their daily investment challenges,” said Stuart Parker, CEO and president of PGIM Investments.
Reid was the chief economist for the Investment Company Institute before his retirement in 2017. In that role, he oversaw the organization’s statistical collections, economic research and public policy analysis of mutual funds and exchanged-traded funds, fund investors, and financial and retirement markets. Before becoming chief economist in 2005, he was a senior economist and director of industry and financial analysis.
Prior to joining the ICI, Reid was a staff economist at the Federal Reserve Board, conducting economic analysis of banking and monetary policy. He earned a bachelor’s degree in economics with honors from the University of Wisconsin and a doctorate in economics from the University of Michigan.
Kylie Scott
973-902-2503
kylie.scott@pgim.com
Press releases, photos, video, audio, PR contact information, presskits and more.
Learn More
Brian Reid
“We are pleased that Mr. Reid has joined our board of directors, adding his public policy perspective to those of our current board members,” said board Chairman Keith Hartstein. “We believe his insights and industry knowledge will benefit PGIM fund shareholders and enhance the board’s ability to provide oversight of PGIM Investments’ family of funds.”
PGIM has appointed Mohammed Abdulmalek as senior advisor and chairman of PGIM’s Middle East council.
PGIM Real Estate’s Australian head Steve Bulloch anticipates more challenges to come for some assets in the country’s commercial real estate market this year.
David Hunt, President & CEO of PGIM, joined Bloomberg Surveillance for a conversation about the wide range of opportunities and challenges in financial markets.