- Chief Executive Officer since 2013
- Extensive experience in core, agency, commercial mortgage-backed securities, and transitional commercial real estate lending programs.
David Durning is President and Chief Executive Officer of PGIM Real Estate Finance and Chairman of the Global Debt Real Estate Businesses for PGIM.
He is responsible for overseeing all of the company’s global commercial real estate finance and agriculture investment businesses. PGIM Real Estate Finance is one of the largest providers of commercial mortgages in the United States with $94.4 billion in assets under management and administration as of March 30, 2018 virtually all of which were loans originated by the company. Durning is located in Chicago.
Durning was named PGIM Real Estate Finance’s President and CEO in April 2013. Since joining the company as an investment analyst in 1988, Durning assumed increased responsibility in various roles throughout the real estate and mortgage investment units. Prior to his appointment, he was senior managing director, overseeing the company’s agency lending businesses and loan produc1tion globally. Previously, he was a lending officer at Chemical Bank.
Durning received a Bachelor of Arts degree from Middlebury College and a Master of Business Administration degree from the Harvard Business School. He holds the Chartered Financial Analyst® designation.
Durning is a member of PGIM’s Investment and Risk Management Committees, and is a member of the Urban Land Institute and the CFA Institute. He is a former vice chairperson of the Fannie Mae DUS® Advisory Council.