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05 January 2017

Gary Stromberg joins PGIM Fixed Income to lead High Yield Energy Credit Research

NEWARK, N.J., Jan. 5, 2017 – Gary W. Stromberg has joined PGIM Fixed Income as a principal and high yield credit analyst overseeing high yield energy research. He joins PGIM Fixed Income’s Global Credit Research team led by Richard Greenwood in Newark, N.J.
 
With $681 billion in assets under management as of Sept. 30, 2016, PGIM Fixed Income is among the largest global fixed income managers worldwide. PGIM Fixed Income is a business of PGIM, the global investment management business of Prudential Financial, Inc. (NYSE: PRU). 
 
Stromberg was most recently the Senior High Yield Energy analyst and head of U.S. High Yield Research at Barclays. He has been the No. 1 ranked Energy/High Yield analyst by Institutional Investor magazine for the past 10 years. Earlier in his career, he held senior positions as a high yield energy analyst with Lehman Brothers, Bear Stearns and J.P. Morgan.
 
“Having an analyst of Gary’s caliber join us reaffirms PGIM Fixed Income’s commitment to having one of the best global credit research teams in the business,” said Greenwood.
 
Stromberg received a bachelor's degree from Rutgers College and an MBA in Finance from New York University’s Stern School of Business. He replaces Brian Barnhurst, who has taken on a new role as a principal and U.S. Bank Loan portfolio manager for PGIM Fixed Income’s Bank Loan team.
 
 
About PGIM Fixed Income
PGIM Fixed Income, with $681 billion in assets under management as of Sept. 30, 2016, offers institutional and retail investors needs-based solutions across all fixed income markets, with a focus on credit strategies and liability-driven investing. The company has portfolio management and research teams in Newark, N.J.; London, Singapore and Tokyo. For more information, please visit http://www.pgimfixedincome.com.
 
About PGIM and Prudential Financial, Inc.
With 13 consecutive years of positive third-party institutional net flows, PGIM, the investment business of Prudential Financial, Inc. (NYSE: PRU), ranks among the top 10 largest asset managers in the world with more than $1 trillion in assets under management as of Sept. 30, 2016. 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.
 
Prudential’s other businesses also offer a variety of products and services, including life insurance, annuities and retirement-related services. For more information about PGIM, please visit www.pgim.com. For more information about Prudential, please visit www.news.prudential.com.
 
 
Contact(s):
Mayura Hooper
phone: 973-367-7930
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