Jennison Associates grows EMEA business with senior hires
Jennison Associates has added experienced hires to its client portfolio management and institutional business development teams in London.
PGIM Investments has further strengthened its international business with the appointment of Matt Shafer as Head of International Distribution, effective 1 December 2022. Based in London, Shafer reports to Stuart Parker, president and CEO of PGIM Investments. Shafer joins from BNY Mellon Investment Management and was previously with Natixis Investment Managers.
PGIM Investments is part of PGIM, the $1.2 trillion* global investment management business of U.S.-based Prudential Financial, Inc. (NYSE: PRU).
In this newly created role, Shafer leads PGIM Investments’ ambitious growth plans in wholesale and retail markets outside the U.S. His focus is on broadening and deepening PGIM Investments’ relationships with private banks, independent wealth managers, fund of funds, family offices and other distributors. He has executive oversight of international distribution strategy, working closely with PGIM’s asset managers to identify opportunities to deliver innovative and relevant solutions to international clients.
“Growing our international platform is a core focus for PGIM and we are delighted that Matt has joined us to lead our intermediary distribution strategy in Europe, Asia Pacific and Latin America. Matt’s wealth of experience and expertise in the asset management industry will be integral to our next stage of growth as we continue invest in our international teams and expand our range of products and capabilities,” said Parker.
PGIM Investments has significantly expanded its presence across Europe and Asia with eight offices in London, Amsterdam, Dublin, Frankfurt, Milan, Zurich, Hong Kong and Singapore. It offers leading investment capabilities across all major asset classes managed by PGIM’s specialist and autonomous asset management affiliates, including PGIM Fixed Income, PGIM Real Estate, PGIM Private Capital, Jennison Associates, PGIM Wadhwani and PGIM Quantitative Solutions. Through fund vehicles registered in 18 countries, investors can gain exposure to active long-only fixed income, fundamental and quantitative equity strategies. PGIM Investments also has a distinguished alternative investment offering across real estate, private capital and liquid alternatives.
Shafer added, “PGIM Investments has a uniquely powerful position offering active, high-conviction investment capabilities across a multitude of asset classes that have been developed to meet the needs of today’s investors. I am joining the firm at a hugely exciting time and am looking forward to partnering with clients and prospects to offer them a compelling proposition of high quality products across alternatives, fixed income, and equity strategies.”
BIOGRAPHY
Prior to joining PGIM Investments, Shafer was head of European distribution at BNY Mellon Investment Management where he led institutional, wholesale and GFI distribution in the UK and continental Europe. Prior to that, he was head of international distribution at Natixis Investment Managers overseeing the firm’s wholesale, retail and GFI distribution activities for its affiliated asset managers across Europe, Middle East, Asia Pacific and Latin America. Earlier in his two-decade career, Shafer was head of sales for offshore funds, alternative investments and managed products at Merrill Lynch in the US, and subsequently in London. Shafer has a bachelor’s degree in economics from the University of Buffalo.
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 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 30 Sept. 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.
*As of 30 Sept. 2022.
DISCLOSURES
All investments involve risk, including the possible loss of capital.
In the United Kingdom, this press release is 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), and with respect to its Italian operations by the Consob and Bank of Italy. In the European Economic Area (“EEA”), this press release may be issued by PGIM Netherlands B.V., PGIM Limited or PGIM Real Estate 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 Real Estate 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 press release, where permitted, is 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 Real Estate 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). PGIM Limited and/or PGIM Netherlands B.V. are indirect, wholly-owned subsidiaries of PGIM, Inc. (“PGIM” and the “Investment Manager”), the principal asset management business of Prudential Financial, Inc. (“PFI”), a company incorporated and with its principal place of business in the United States. 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. PGIM, the PGIM logo and the Rock symbol are service marks of PFI and its related entities, registered in many jurisdictions worldwide. PGIM Fixed Income and PGIM Real Estate are trading names of PGIM an SEC registered investment adviser in the United States. Jennison and PGIM Quantitative Solutions are trading names of Jennison Associates LLC, and PGIM Quantitative Solutions LLC, respectively, both of which are SEC registered investment advisers and wholly owned subsidiaries of PGIM. Registration with the SEC does not imply a certain level or skill or training.
This document is not intended as an offer or solicitation with respect to the purchase or sale of any security or other financial instrument or any investment management services. This document does not constitute investment advice and should not be used as the basis for any investment decision.
© 2022 Prudential Financial, Inc. (PFI) of the United States and its related entities. PGIM and the PGIM logo are service marks of PFI and its related entities, registered in many jurisdictions worldwide.
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