NEW YORK, September 01, 2016 - Jennison Associates announced today that Jeffrey T. Becker will become chairman and chief executive officer of the company, effective Oct. 3, 2016. Jennison is an investment manager of PGIM, the global investment management businesses of Prudential Financial, Inc. (NYSE:PRU).
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Becker was most recently CEO of Voya Investment Management (formerly ING U.S. Investment Management), the asset management subsidiary of Voya Financial, and a member of Voya Financial’s Executive Committee. In this role, he was responsible for overseeing all aspects of Voya’s asset management business, including institutional, retail, retirement, and affiliate channels.
“We are delighted to welcome Jeff to the firm,” said Jennison President Spiros “Sig” Segalas, one of the company’s founders. “Jeff has a distinct combination of professional attributes that complement our strong existing team and reinforce our focus on investment performance, long-standing client relationships, professional excellence and stability. He embraces our entrepreneurial investment culture and fundamental research-based investment management.”
David Hunt, PGIM’s president and CEO, said, “Jeff’s indisputable success as a CEO in the asset management industry is demonstrated by his solid record of building and growing businesses, and delivering on investment performance for clients. We look forward to continuing to partner with Jennison to deliver the value of active management to our investors, across our multi-manager platform.”
Becker holds a bachelor’s degree in economics from Colgate University and an MBA in finance from New York University’s Stern School of Business. He is a member of the Financial Services Roundtable, Institutional Investor’s U.S. Institute and the Economic Club of Washington, D.C. He also sits on the AmeriCares Board of Directors.
About Jennison Associates, LLC
Founded in 1969, Jennison Associates offers a range of equity and fixed income investment strategies across distribution channels. Its equity expertise spans styles, geographies and market capitalizations. Its fixed income capability includes investment grade active and structured strategies of various durations. Original fundamental research, specialized investment teams and highly experienced investment professionals are among the firm’s competitive distinctions. As of June 30, 2016, Jennison managed $165.2 billion in client assets. For more information, please visit http://www.jennison.com.
With 13 consecutive years of positive third-party institutional net flows, PGIM is among the top 10 largest asset managers in the world with more than $1 trillion in assets under management (as of 06/30/16).1 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 fundamental equity, quantitative equity, public fixed income, private fixed income, real estate and commercial mortgages. Its businesses have offices in 16 countries across five continents. For more information, please visit https://www.pgim.com.
About Prudential Financial, Inc.
Prudential Financial, Inc. (NYSE: PRU), a financial services leader with more than $1 trillion of assets under management as of June 30, 2016, has operations in the United States, Asia, Europe and Latin America. Prudential’s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. In the US, Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit www.news.prudential.com.
1 Pensions & Investments Top Money Managers, May 30, 2016; based on Prudential Financial total worldwide assets under management as of December 31, 2015.