Contact(s)

MEDIA:
Judith Flynn
973-802-9939
judith.flynn@prudential.com

October 23, 2018

NEWARK, N.J., October 23, 2018 - PGIM Investments is expanding its distribution footprint throughout Europe, adding a team dedicated to Germany. The firm has hired as vice president Thiemo Volkholz, who will be based in Frankfurt and focused on growing the firm’s presence with global, regional and local banks and financial intermediaries throughout the region. Together with Cvjetko Zecevic, hired as assistant vice president, the team will market PGIM’s asset management capabilities including PGIM Funds throughout the region.

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PGIM Investments is the global manufacturer and fund distributor of PGIM Inc., the $1 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).

Volkholz and Zecevic’s arrival represent the next step in the growth of PGIM Investments’ European operations. These hires mark PGIM Investment’s second dedicated team in Europe, with plans to add two additional regional teams in Europe by early 2019. The team will report to Kimberly LaPointe, executive vice president and head of global accounts.

“We have demonstrated an ongoing commitment to the growth of our business, further enabling local sales and service support as well as cross-border distributor access to our funds by registering them in key European financial centers,” said LaPointe. “These experienced professionals will help us establish a strong foothold in the important German markets to meet global client needs.”

While PGIM has had a longstanding institutional presence across Europe, PGIM Investments’ growth outside the U.S. is anchored in its UCITS product suite launched in 2013, totaling $3.0 billion in UCITS assets under management as of August 30, 2018. Registered in 16 countries across Europe, Asia and Latin America, with 26 funds domiciled in Ireland, PGIM Investments’ products offer investors access to multiple share classes and currencies.

Both Volkholz and Zecevic join the firm from Capital Group, where Volkholz was a managing director responsible for relationships with banks, wealth managers and multi-family offices. He has more than a decade of investment industry experience, including roles at MainFirst Asset Management, JPMorgan and Helaba Landesbank Hessen-Thüringen. Zecevic was a business development associate covering financial intermediaries, global financial institutions, banks, multi-family offices, independent asset managers and IFAs.

About PGIM Funds

PGIM Funds plc is an Ireland-domiciled UCITS umbrella fund serving institutional and wholesale investors across the globe. PGIM Funds plc has country registrations in the United Kingdom, Germany, the Netherlands, Norway, Denmark, Finland, Sweden, France, Luxembourg, Spain, Italy, Chile and Taiwan. PGIM Funds plc is also offered to institutional investors only in Singapore and Switzerland. For a full list of funds available in your region, please visit pgimfunds.com.

About PGIM and Prudential Financial, Inc.

With 15 consecutive years of positive third-party institutional net flows, PGIM, the global asset management businesses 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 June 30, 2018. PGIM’s businesses offer a range of investment solutions for 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 15 countries across four continents. For more information about PGIM, please visit pgim.com.

All investments involve risk, including possible loss of capital. Prudential Financial, Inc. of the United States is not affiliated with Prudential plc, which is headquartered in the United Kingdom.

*As ranked in Pensions & Investments’ Money Managers list, May 2018; based on Prudential Financial, Inc. total worldwide assets under management as of December 31, 2017.

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