NEWARK, Nov. 18, 2019 – PGIM, the $1.3 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU), has made three hires into its Institutional Relationship Group (IRG), all reporting to Cameron Lochhead, global head of IRG. IRG is dedicated to deepening strong relationships with chief investment officers and senior investors at global institutional clients and continuing to grow PGIM’s reputation for superior client service.
In Europe, IRG has expanded its local presence with two senior additions to the team. Stephen Oxley has joined as managing director based in London, responsible for Continental Europe and Middle East client coverage, and Udo von Werne, also a managing director, based in Zurich, is responsible for the DACH regions of Germany, Austria and Switzerland.
Stephen joins from PAAMCO Prisma (formerly Pacific Alternative Asset Management Co.) where he was for 16 years, most recently as vice chairman and partner, heading up PAAMCO’s European office and working with clients across Europe and the Middle East. Prior to that Stephen was a senior investment consultant at Watson Wyatt.
Udo was previously at Nikko Asset Management where he was chief executive officer for the EMEA region, based in London, and prior to that was head of Institutional Clients, Continental Europe, at Pictet Asset Management for 15 years, based in Zurich. Previously, he held senior roles at Zurich Financial Services and UBS in Zurich. He replaces IRG’s Wolfgang Sussbauer, who becomes Head of Germany & Austria at PGIM Fixed Income, based in PGIM’s Munich office.
In the U.S., Keshav Rajagopalan has joined IRG as institutional client director, working with clients across the U.S. and Canada, as well as leading a number of global strategic initiatives.
Keshav joins from PGIM Investments, the global manufacturer and fund distributor of PGIM, where he was co-head of the ETF business having spent the last three years spearheading the firm’s entrance into the space. Prior to joining PGIM Investments, he spent several years on the PGIM corporate strategy team supporting senior leaders across the business on various strategic priorities. Earlier in his career he was a management consultant at McKinsey & Company.
“PGIM, as one of the top ten global asset managers, has a strong heritage in the U.S. and has more recently focused on evolving our offering in EMEA,” commented Lochhead. “As institutions continue to globalize their approach and look to work with fewer investment partners, it was important to the Institutional Relationship Group to enhance our team in Europe and the Middle East so we can continue to best serve our clients there. We’re very pleased to be welcoming Stephen’s, Udo’s and Keshav’s industry experience to the IRG team and look forward to the valuable contributions they will bring to our most important client fiduciaries.”
About PGIM and Prudential Financial, Inc.
With 16 consecutive years of positive third-party institutional net flows, PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), ranks among the top 10 largest asset managers in the world* with more than $1.3 trillion in assets under management as of Sept. 30, 2019. With offices in 15 countries, 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 public fixed income, private fixed income, fundamental equity, quantitative equity, real estate and alternatives. For more information about PGIM, visit pgim.com.
Prudential’s additional businesses offer a variety of products and services, including life insurance, annuities and retirement-related services. For more information about Prudential, please visit news.prudential.com.
Prudential Financial, Inc. of the United States is not affiliated with Prudential plc, a company incorporated in the United Kingdom.
*Pensions & Investments’ Top Money Managers list, May 27, 2019; based on Prudential Financial total worldwide institutional assets under management as of Dec. 31, 2018. Assets under management (AUM) are based on company estimates and are subject to change.
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