After 15 Years, a CRO Leaves a $117B-AUM Shop
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Tuesday, April 2, 2019

After 15 Years, a CRO Leaves a $117B-AUM Shop

The team at a midwestern asset manager is saying goodbye to a c-suite executive after he spent more than 15 years at the company.

Chief risk officer Nelson Zamora is leaving Chicago-based PPM America, MFWire has learned. The 29-year-old firm (a subsidiary of Prudential plc in the UK) had $117.4 billion in AUM as of the end of 2018.

Matt Elsener (vice president of risk management), Annette Freid (vice president, operational risk manager), Otto Miller (vice president, quantitative analytics and risk management), and Ed Sun (managing director, risk management and quantitative research) did not immediately return calls for comment.

"It is firm policy not to comment on departed employees," Julie Bruzek, managing director of marketing and communications at PPM America, tells MFWire. "The eight-person risk management and quantitative research team will report to Marck Mandich, Chief Executive Officer of PPM America, Inc."

Zamora joined PPM in 2003 as head of quantitative research, and in 2015 he became chief risk officer. Prior to his time at PPM, he spent more than 16 years at Merrill Lynch Investment Managers. He is an alumnus of Rider University and of the University of Chicago.

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