PGIM hires new head of Australia, New Zealand Institutional Relationship Group

By PGIM Global Communications — Mar 6, 2023

3 mins

SYDNEY, 6 March 2023 – PGIM, the US$1.2 trillion global investment management business of US-based Prudential Financial, Inc. (NYSE: PRU) has strengthened its Australian business with the appointment of Murray Brewer as head of Institutional Relationship Group (IRG) for Australia and New Zealand, effective 1 March. Based in Sydney, Brewer is responsible for leading the firm’s growth plans and continued expansion of its institutional client base throughout the region.

Since establishing its local presence in 2011, PGIM Australia has seen significant growth in its institutional business, as it offers Australian and New Zealand asset owners diversified investment solutions across a multitude of asset classes in the public and private markets. The Australian team has grown to include 24 employees, with strong domestic investment manufacturing capability, including debt financing to Australian and New Zealand corporations through PGIM Private Capital as well as real estate private equity and debt through PGIM Real Estate.

Murray Brewer Head of Institutional Relationship Group, Australia and New Zealand

Brewer leads an experienced client-facing team that partners with chief investment officers of major institutions and senior fiduciary decision-makers to solve their pressing investment challenges. He will develop and implement an institutional client strategy and work closely with all PGIM business units to bring its full suite of capability to Australian institutional investors — from fixed income, equity, quantitative investing and real estate to alternatives. He reports to Philip Hsin, head of IRG Asia Pacific (ex-Japan).

“Murray brings more than 30 years of experience in the investment management industry in Australia, where he’s built an impressive track record and developed a range of longstanding relationships with both investors and asset consultants,” said Hsin. “As we continue to fuel growth and strengthen our institutional client network in the region, Murray will be a strong representative of our brand and our commitment to delivering superior long-term investment outcome for our clients.”

Media Contact

Alvena So

+852-9013-6930

alvena.so@pgim.com

Philip Hsin

“As we continue to fuel growth in the region, Murray will be a strong representative of our brand and our commitment to delivering superior long-term investment outcome for our clients.”

Philip HsinHead of Asia Pacific (ex-Japan), Institutional Relationship GroupPGIM

Prior to joining PGIM, Brewer was country head of Australia for Capital Group. Prior to that, he spent 14 years as country head of distribution for Australia and New Zealand for T. Rowe Price, where he played an instrumental role in building its institutional and intermediary businesses and significantly growing its AUM. Before that, he was director and head of distribution for Australia at Schroders Investment Management, overseeing institutional and adviser-directed sales, client service, marketing and product development. He previously worked at AMP Asset Management, Lloyds Bank, and Westpac Financial Services.

“The opportunity for PGIM in the region is enormous. As our clients are building high-caliber in-house investment teams, I look forward to working closely with them to tackle their portfolio challenges,” said Brewer. “With a very uncertain period for markets, asset owners in the region are facing unprecedented investment challenges. We will further build upon PGIM’s institutional asset management strengths and its high-conviction investment capabilities to help our clients make informed asset allocation decisions.”

Last year, PGIM expanded its Australian business into the wholesale and private wealth markets with the appointment of Benjamin Price as head of Australia Wealth, providing its world-class investment solutions to the Australian intermediary market. The firm’s growing investment footprint in the country across real estate and private capital reflects its position as one of the world’s largest managers of private market alternative assets.

ABOUT PGIM

PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU), a leading global investment manager with more than US$1.2 trillion in assets under management as of 31 Dec. 2022. With offices in 18 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.

All investments involve risk, including the possible loss of capital.

In Hong Kong, information is issued by PGIM (Hong Kong) Limited, a licensed entity with the Securities & Futures Commission in Hong Kong, to Professional Investors as defined in Section 1 of Part 1 of Schedule 1 of the Securities and Futures Ordinance (Cap.571). In Singapore, information is issued by PGIM (Singapore) Pte. Ltd., a regulated entity with the Monetary Authority of Singapore under a Capital Markets Services License to conduct fund management and an exempt financial adviser. In Australia, information is issued by PGIM (Australia) Pty Ltd (“PGIM Australia”) for the general information of its “wholesale” customers (as defined in the Corporations Act 2001). PGIM Australia is a representative of PGIM, Inc., which is exempt from the requirement to hold an Australian Financial Services License under the Australian Corporations Act 2001 in respect of financial services. PGIM, Inc. is exempt by virtue of its regulation by the Securities and Exchange Commission (“SEC”) under the laws of the United States, including applicable state laws and the application of ASIC Class Order 03/1100. The laws of the United States of America differ from those applicable in Australia.

PGIM is the principal asset management business of Prudential Financial, Inc. (PFI) a company incorporated and with its principal place of business in the United States and is a trading name of PGIM, Inc. and its global subsidiaries. PGIM, Inc. is an investment adviser registered with the U.S. SEC. Registration with the SEC does not imply a certain level of skill or training. PFI of the United States is not affiliated in any manner with Prudential plc, a company incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. Prudential, PGIM, their respective logos and the Rock symbol are service marks of PFI and its related entities, registered in many jurisdictions worldwide.