PGIM Investments to acquire direct indexing firm Green Harvest Asset Management
Firm expands platform to include customized solutions to meet the complex needs of high-net-worth investors.
NEW YORK, Aug. 10, 2021 – Jennison Associates, an active equities and fixed income manager with $241 billion in assets under management,1 has made several senior hires to enhance and further unify the client experience in key areas, including client advisory, institutional business development, client portfolio management and ESG strategy. Jennison is an affiliate manager of PGIM Inc., the global asset management business of Prudential Financial, Inc. (NYSE: PRU) and one of the world’s top 10 asset managers2 with more than $1.5 trillion in assets under management.1
New leadership in client advisory and business development
Ryan Rampersaud has joined in a newly created role as head of client advisory group, effective immediately. Rampersaud leads a 12-person team charged with servicing activities for Jennison’s institutional and sub-advisory clients, related third parties and strategic partners. He reports to Loraine (Lori) McEvoy, global head of distribution, and is based in New York. Rampersaud has 16 years of relationship management and client service leadership experience. He joins from AQR Capital, where he was head of client solutions. Prior to AQR Capital, he was at BlackRock as global head of client service management.
Earlier in 2021, Jennison welcomed Eran Klein and Elizabeth (Beth) Murphy as managing directors of institutional business development, based in Chicago and New York, respectively. Alongside Jennison veteran Andrew Beiger, Klein and Murphy will report to long-time senior Jennison professional MacKenzie Hurd, who is leading the newly formed institutional business development team. The team is responsible for the development and management of relationships with North American institutional asset allocators. Klein joined from Stone Harbor Investment Partners, where he was a partner and relationship manager. Murphy joined from Franklin Templeton, where she was senior vice president of institutional sales. She previously held roles at BlackRock and Deutsche Bank.
Lauren Godlasky was also hired in early 2021 as a managing director in institutional business development and investor relations. Based in New York and reporting to McEvoy, Godlasky is responsible for investor relations and outreach for the firm’s traditional and alternative solutions in the healthcare space. Prior to this, Godlasky was head of investor relations at Gotham Asset Management and began her career at Goldman Sachs Asset Management.
“Over the past year, Jennison Associates has engaged in a strategic enhancement of our client support capabilities, with the goal of ensuring we can continue to meet our clients’ evolving needs,” said McEvoy. “Our new colleagues are helping us address client investment and reporting needs, meet demand for Jennison’s investment solutions, and provide an in-depth understanding of Jennison’s investment capabilities and insights.”
Bolstering client portfolio management capabilities
Curtis Butler, managing director, has joined as a client portfolio manager, effective immediately, and is based in New York. Butler is part of a 10-person client portfolio management team. In a newly created role, he will offer clients insight and expertise on Jennison’s growth equity strategies and drive the development of analysis and thought leadership. Butler reports to Peter Clark, head of client portfolio management, product & strategy. Butler has 25 years of industry experience and joins from J.P. Morgan, where he was an investment specialist and client portfolio manager.
“We are delighted to attract such talented individuals to our firm,” Jennison CEO Jeffrey Becker said. “Each is highly experienced in their respective fields, and we expect that they will complement our existing high-quality teams. Jennison has placed superior client service at the heart of our business for more than 50 years, and these hires reflect our ongoing commitment to client service well into the future.”
ABOUT JENNISON ASSOCIATES, LLC
Founded in 1969, Jennison Associates offers a range of equity and fixed income investment strategies. Its equity expertise spans styles, geographies, and market capitalizations. Its fixed income capability includes investment grade active and structured strategies of various durations. Original fundamental research, specialized investment teams, strong client focus, and highly experienced investment professionals are among the firm’s competitive distinctions. As of June 30, 2021, Jennison managed $241 billion in client assets. For more information, please visit jennison.com.
PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), ranks among the top 10 largest asset managers in the world2 with more than $1.5 trillion in assets under management as of June 30, 2021. With offices in 16 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate, and alternatives. For more information about PGIM, 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, 2021.
2 Prudential Financial, Inc. (PFI) is the 10th largest investment manager (out of 527 firms surveyed) in terms of global assets under management based on Pensions & Investments’ Top Money Managers list published on May 31, 2021. This ranking represents global assets under management by PFI as of Dec. 31, 2020.
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