PGIM Real Estate appoints David Fassbender as deputy head of Asia Pacific
His appointment is part of the firm’s ongoing strategy in strengthening its leadership bench and positioning the Asia Pacific platform for future growth.
Frankfurt, 5 May 2025 – PGIM Investments has appointed Kai Röhrl as country head of Germany and Austria, effective immediately. Leading the wholesale distribution strategy for the German and Austrian markets, Röhrl is an integral part of PGIM Investments’ European growth ambitions. PGIM Investments is part of PGIM, the US$1.39 trillion1 global investment management business of Prudential Financial, Inc. (NYSE: PRU).
Based in Frankfurt, Röhrl is responsible for growing PGIM Investments’ footprint in the region, tapping into the strong market potential available to large, globally diversified asset managers providing proven investment strategies across a wide range of asset classes. He reports to Matt Shafer, head of international distribution.
Röhrl joins from Robeco where he spent a total of 22 years building and developing Robeco’s business in Germany and Austria, most recently serving as head of wholesale in Germany and Austria for seven years, and the 10 years before that as head of third-party distribution in Germany. Prior to his time at Robeco, he spent several years at Union Investment, AXA and MLP. Röhrl studied business economics at Baden-Württemberg Cooperative State University and holds CEFA credentials.
Matt Shafer, head of international distribution at PGIM Investments, commented: “PGIM Investments provides investors across North America, Europe, Latin America and Asia with access to the expertise of over 1,450 investment professionals across seven independent PGIM affiliates, offering high-performance strategies covering fixed income, equities and alternatives.
“Kai is a seasoned industry veteran with a proven track record in developing, managing and growing a successful wholesale business. His entrepreneurial mindset and hands-on mentality, combined with his strong existing relationships with private banks, wealth managers and discretionary/fund of funds, will help accelerate the growth of our business in Germany and Austria.”
Kai Röhrl, country head of Germany and Austria at PGIM Investments, added: “I am excited to join PGIM Investments, which offers a broad set of investment strategies ranging from global megatrends like the energy transition to opportunities in multi-sector credit and alternatives — including REITs and private equity secondaries — and anything in between. Times of uncertainty provide strong growth opportunities for active managers such as PGIM and their extensive research capabilities. I am looking forward to shaping PGIM Investments’ growth story in Germany and Austria.”
ABOUT PGIM INVESTMENTS
PGIM Investments offers 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 and real estate. PGIM Funds plc is an Ireland-domiciled UCITS umbrella fund serving institutional and wholesale investors across the globe. For a full list of funds available in your region, visit pgimfunds.com.
ABOUT PGIM
PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU). In 41 offices across 19 countries, our more than 1,450 investment professionals serve both retail and institutional clients around the world.
As a leading global asset manager with US$1.39 trillion in assets under management*, PGIM is built on a foundation of strength, stability, and disciplined risk management. Our multi-affiliate model allows us to deliver specialised expertise across key asset classes with a focused investment approach. This gives our clients a diversified suite of investment strategies and solutions with global depth and scale across public and private asset classes, including fixed income, equities, real estate, private credit, and other alternatives. For more information 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.
*As of 31 March 2025.
In the United Kingdom, this is a financial promotion issued by PGIM Limited with registered office: Grand Buildings, 1-3 Strand, Trafalgar Square, London, WC2N 5HR. PGIM Limited is authorised and regulated by the Financial Conduct Authority (“FCA”) of the United Kingdom (Firm Reference Number 193418). In the European Economic Area (“EEA”), this is a financial promotion and may be issued by PGIM Netherlands B.V., PGIM Limited or PGIM Luxembourg S.A. depending on the jurisdiction. PGIM Netherlands B.V., with registered office at Gustav Mahlerlaan 1212, 1081 LA, Amsterdam, The Netherlands, is authorised by the Autoriteit Financiële Markten (“AFM”) in the Netherlands (Registration number 15003620) and operates on the basis of a European passport. PGIM Luxembourg S.A., with registered office at 2, boulevard de la Foire, L-1528 Luxembourg, is authorised and regulated by the Commission de Surveillance du Secteur Financier (the “CSSF”) in Luxembourg (registration number A00001218) and operating on the basis of a European passport. In certain EEA countries, this is a financial promotion, where permitted, presented by PGIM Limited in reliance of provisions, exemptions or licences available to PGIM Limited under temporary permission arrangements following the exit of the United Kingdom from the European Union. These materials are issued by PGIM Limited, PGIM Netherlands B.V. and/or PGIM Luxembourg S.A. to persons in the UK who are professional clients as defined under the rules of the FCA and/or to persons in the EEA who are professional clients as defined in the relevant local implementation of Directive 2014/65/EU (MiFID II). In certain countries in Asia-Pacific, this is a financial promotion issued by PGIM (Singapore) Pte. Ltd. with registered office: 88 Market Street, #43-06 CapitaSpring, Singapore 048948. PGIM (Singapore) Ptd. Ltd. is a Singapore investment manager registered with and licensed by the Monetary Authority of Singapore (Licence No. CMS100017) (“MAS”). In Hong Kong, this is a financial promotion issued by PGIM (Hong Kong) Limited with registered office: Units 4202-4203, 42nd Floor Gloucester Tower, The Landmark, 15 Queen’s Road Central Hong Kong. PGIM (Hong Kong) Limited is a corporation regulated by the Securities & Futures Commission of Hong Kong (AAH625) (“SFC”) and all information in respect of funds is directed solely at professional investors as defined in Section 1 of Part 1 of Schedule 1 of the Securities and Futures Ordinance of Hong Kong (“SFO”).
His appointment is part of the firm’s ongoing strategy in strengthening its leadership bench and positioning the Asia Pacific platform for future growth.
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