May 22, 2017
NEWARK, May 22, 2017 – Josh Cohen will join PGIM as Head of Institutional Defined Contribution for its Institutional Relationship Group. PGIM, among the world’s top 10 asset managers1 with more than $1 trillion in assets under management2, is the global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).  
Cohen will report to Bas NieuweWeme, Global Head of PGIM’s Institutional Relationship Group. Cohen will serve as an advisor to PGIM’s large defined contribution (DC) clients providing expert counsel and thought leadership on investment issues ranging from plan design, qualified default investment alternatives (QDIA), implications of regulatory change and implementation.
Cohen will work with PGIM’s plan sponsors on their most pressing DC needs while continuing to develop innovative solutions and thought leadership to help plan participants accumulate the wealth needed for their retirement. He will work closely with investment professionals in PGIM Fixed Income, Jennison Associates, QMA and PGIM Real Estate to tailor investment solutions that meet the needs of plan participants.  
Through its multimanager model, PGIM offers a wide and varied suite of DC solutions including private real estate, real assets and inflation hedging strategies—in addition to traditional offerings such as stable value, target date solutions through its Day One Funds, fundamental and quantitative equity and fixed income. PGIM partners with Prudential’s retirement business, which for over 85 years has provided retirement plan sponsors with innovative, secure solutions during volatile markets and evolving regulatory environments.
“As an established counselor and expert in the field, Josh will partner with large plan sponsors and institutional consultants on how to evolve and enhance their DC programs to continue to meet their participants’ needs. We are committed to serving DC plan sponsors through the strength of our managers’ investment capabilities and the depth of our insights about the industry,” said NieuweWeme.
Cohen was most recently the Head of Defined Contribution for Russell Investments, where he was responsible for the leadership, strategic direction and growth of Russell Investments’ U.S. DC asset management business across the institutional and intermediary channels.

Previously, he led the DC investment consulting practice team at Hewitt Associates. Cohen has served a three-year term as a member of the Department of Labor’s ERISA Advisory Council, and is actively involved with the Defined Contribution Institutional Investment Association (DCIIA) and the Employee Benefit Research Institute (EBRI). He is a member of the CFA Institute and the Investment Analyst Society of Chicago, and received a bachelor’s degree in economics from the University of Michigan and an MBA in accounting and finance from the University of Chicago.

About PGIM
With 14 consecutive years of positive third-party institutional net flows as of Dec. 31,2016, PGIM, the global asset management businesses of Prudential Financial, Inc. (NYSE: PRU), ranks among the top 10 largest asset managers in the world, according to Pensions & Investments’ May 2016 Money Manager Survey, with more than $1 trillion in assets under management as of March 31, 2017. 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 additional businesses offer a variety of products and services, including life insurance, annuities and retirement-related services. For more information about PGIM, please visit For more information about Prudential, please visit   

1 Pensions & Investments’ May 2016 Money Manager Survey
2 As of 3/31/17 



Mayura Hooper
Phone: 973-367-7930