PGIM Investments appoints head of international distribution
PGIM Investments has announced the appointment of Matt Shafer as head of international distribution.
The role, which commenced on 1 December, would have him lead growth plans in wholesale and retail markets in the Asia Pacific, Europe, and Latin America.
Shafer joined from BNY Mellon Investment Management and was previously with Natixis Investment Managers.
In his new role, he would report to PGIM Investments CEO and president Stuart Parker and have executive oversight of international distribution strategy and would be responsible for broadening PGIM Investments’ relationship with wealth managers, funds, private banks, and other distributors.
“Matt’s wealth of experience and expertise in the asset management industry will be integral to our next stage of growth as we continue invest in our international teams and expand our range of products and capabilities,” Parker stated.
The global asset management business offered more than 100 funds globally across a broad spectrum of asset classes and investment styles, Shafer noted.
“PGIM Investments has a uniquely powerful position offering active, high-conviction investment capabilities across a multitude of asset classes that have been developed to meet the needs of today’s investors,” he said on his appointment.
“I am joining the firm at a hugely exciting time and am looking forward to partnering with clients and prospects to offer them a compelling proposition of high quality products across alternatives, fixed income, and equity strategies.”
AUTHOR
Rhea Nath
Recommended for you
Tribeca Investment Partners has made a distribution hire from Australian Ethical in a newly-created role focused on the national intermediary market.
Asset managers may be urged to diversify their product ranges, but investment executives have warned any M&A deal should avoid simply filling gaps and instead consider long-term value creation.
Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equity firm.
Fund managers are entering 2025 with the most bullish sentiment since August 2021 and record high allocations to US equities, thanks to the incoming Trump administration.
