PGIM Investments hires David Chang for new vice chairman, Asia positionPGIMInvestmentshiresDavidChangfornewvicechairman,Asiaposition

Chang will play a key role in building out the Asian hub for PGIM Investments, as well as enhance PGIM’s overall presence and focus in the region. He will particularly support the growth of the global intermediary business in Greater China.

Parker commented, “Building out our Asia-based team with exceptional local leadership is a top priority for PGIM Investments. Bringing in someone with David’s experience will enable us to accelerate our growth whilst demonstrating our commitment to the region.”

Chang joins from Franklin Templeton where he spent more than 20 years, formerly as the CEO and regional head for Greater China since 2007, responsible for driving business across Hong Kong, the Chinese mainland and Taiwan, and more recently as senior advisor providing guidance and strategic counsel to the APAC team. He also held previous senior sales and business development roles at the firm.

Chang currently sits on the board of Independent Advisors to the Family Office Association in Hong Kong, providing advice on family governance, running family business, philanthropy and all other areas that can add value to the Family Office Hong Kong community, and is an independent advisor to the Raffles Family Office in Hong Kong.

PGIM has built a strong institutional presence in Asia, managing portfolios for clients across the region for 28 years. More recently, the firm has seen an increased demand from Asian intermediary investors and private banks in particular looking for income-focused, alternative and ESG-related investment solutions.

Chang commented, “Having dedicated my career to serving clients across Asia and enabling both institutions and individuals to meet their investment goals, I am excited to now be in a position to assist in delivering PGIM’s expertise to these markets. The depth and breadth of high-performing investment strategies available across the PGIM platform is impressive and offers compelling solutions to our clients’ needs.”

ABOUT PGIM INVESTMENTS

PGIM Investments and its affiliates offer more than 100 funds globally across a broad spectrum of asset classes and investment styles. All products draw on PGIM’s globally diversified investment platform that encompasses the expertise of managers across fixed income, equities, alternatives and real estate.

ABOUT PGIM

PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), ranks among the top 10 largest asset managers in the world* with approximately $1.5 trillion in assets under management as of 31 Dec. 2021. With offices in 17 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.

^*  Prudential Financial, Inc. (PFI) is the 10th-largest investment manager (out of 477) in terms of global AUM based on the Pensions & Investments Top Money Managers list published on 31 May 2021. This ranking represents assets managed by PFI as of 31 Dec. 2020.

In Hong Kong, information is provided by PGIM (Hong Kong) Limited, a regulated entity with the Securities & Futures Commission in Hong Kong, to professional investors as defined in Section 1 of Part 1 of Schedule 1 (paragraph (a) to (i) of the Securities and Futures Ordinance (Cap. 571). In Singapore, information is issued by PGIM (Singapore) Pte. Ltd. (“PGIM Singapore”), a Singapore investment manager that is licensed as a capital markets service license holder by the Monetary Authority of Singapore and an exempt financial adviser for the general information of “institutional investors” pursuant to Section 304 of the Securities and Futures Act, Chapter 289 of Singapore (the “SFA”) and “accredited investors” and other relevant persons in accordance with the conditions specified in Sections 305 of the SFA.

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