PGIM Investments, an asset manager based in the US, has expanded its European presence by launching its first office in Switzerland.
PGIM is the asset management unit of life insurer Prudential Financial.
Go deeper with GlobalData
Located in Zurich, the new office will be headed by Pascal Weber.
Weber will manage the development of the business with banks as well as financial intermediaries.
Most recently, Weber served at Alliance Bernstein where he was responsible for financial intermediary sales in Switzerland.
He also had a stint at Credit Suisse, where he worked with institutional clients.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataIn the new role, Weber will report to the team head for Germany and Austria, Thiemo Volkholz.
Meanwhile, PGIM head of international distribution Kimberly LaPointe will now move from the US to London.
The relocation is said to be in response to the firm’s growth in Europe.
Last year, PGIM added a team dedicated to Germany. The team has been tasked with marketing the asset management capabilities of PGIM in the region.
The Ucits offering of PGIM was introduced in 2013 and covers nearly 28 equity and fixed income strategies.
Last year, PGIM entered the active ETF market by rolling out a fixed income fund.
The strategy offers exposure to US dollar-denominated short-term fixed, variable and floating-rate debt instruments.
