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.
Hong Kong, 5 Feb 2021 - PGIM Fixed Income, a global asset manager offering active solutions across all fixed income markets, has hired Yong Duk Kim as vice president, Client Advisory. In this newly created role, Kim will have responsibility for leading the institutional sales and client relations efforts in South Korea. Kim will report to Helen Chang, head of Asia Pacific ex-Japan Client Advisory, and will be based in Hong Kong.
Kim brings more than 15 years of investment industry experience, most recently as director of Institutional Client Coverage for Korea at UBS Asset Management. Prior to that, he held roles with Daehan Investment Trust Management and Shinyoung Securities where he focused on developing wholesale business in South Korea.
“Yong Duk’s knowledge and experience in institutional asset management in Korea is valuable in helping further localize our client advisory business in Asia Pacific”, said Chang. “His appointment underscores our commitment to growth in Korea.”
With an established office in Singapore and more than US$20 billion in assets under management across Asia Pacific ex-Japan1, Kim’s hiring furthers PGIM Fixed Income’s expansion in the region, following on the appointment of Helen Chang as managing director to lead the client advisory efforts in the region last February, as well as the appointment of Lam Lam Sze, senior account management specialist last August. Sze reports to Chang, and both are also based in Hong Kong.
“The build-out of our Hong Kong office reflects our excitement for the opportunity in Asia Pacific and our commitment to providing truly global support through localized resources to our growing international client base”, said Mike Lillard, head of PGIM Fixed Income.
PGIM Fixed Income, with more than US$968 billion in assets under management, is part of PGIM, the global investment management business of US-based Prudential Financial, Inc. (PFI) (NYSE: PRU) and one of the world’s top 10 asset managers with more than US$1.5 trillion in assets under management2.
PGIM Fixed Income, with US$968 billion in assets under management as of 31 Dec. 2020, is a global asset manager offering active solutions across all fixed income markets. The company has offices in Newark, New Jersey; London; Tokyo; Singapore; and Hong Kong. For more information, visit pgimfixedincome.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 US$1.5 trillion in assets under management as of 31 Dec. 2020. 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 31 Dec. 2020; markets include China, Hong Kong, Taiwan, South Korea, Thailand, Singapore, Indonesia, Australia, and Kazakhstan.
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 1 June 2020. This ranking represents global assets under management by PFI as of 31 March 2020.
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