PGIM Investments is the mutual fund and wealth management business of Prudential Financial, Inc.
In 1985, Prudential acquired Jennison Associates, which has become one one of Prudential Investmentsí leading manager. They were founded in 1969 by John Howard Hobbs and Spiros "Sig" Segalas and now manage over $149 billion for institutions and private clients. In 2000, Jennison Associates integrated Prudentialís asset management business into their own.
On February 16, 2010, Prudential renamed its JennisonDryden Mutual Funds to Prudential Investments. JennisonDryden had been the primary mutual fund brand at Prudential since 2003, when the company had rebranded the majority of its then-existing mutual funds. Three of its funds, Equity, International Value, and Real Estate, were branded as Strategic Partner Funds.
On January 17, 2012, Prudential Investments announced Stuart Parker as its new president. Parker succeeds Judy Rice, who is chairman of Prudential Investments until her retirement at the end of 2012.
Prudential Investments has three units: Prudential Mutual Funds, Wealth Management Solutions and Strategic Investment Research Group. Prudential Mutual Funds focuses on traditional mutual funds, separately managed accounts, and defined contribution plans. On the other hand, Wealth Management Solutions is a business-to-business organization. The Strategic Investment Research Group conducts research on the mutual fund industry and various other Prudential branches.
The mutual funds are distributed by Prudentialís Investment Management Services LLC, a Prudential Financial company.
Stuart Parker President, Prudential Investments
Jim Devaney Senior Vice President, U.S. Head of Distribution, PGIM Investments
Ray Ahn Global Chief Marketing Officer, PGIM Investments
Kimberly LaPointe Executive Vice President, Head of PGIM Investments International, PGIM Investments
Andrew Dyson Chairman and CEO, QMA, a PGIM business
John Strangfeld Chairman and Chief Executive Officer, Prudential Investments
Indy Reddy Global Chief Technology and Operations Officer, PGIM Investments