PGIM Announces Major Leadership Shift: Morgan Stanley's Chappuis Takes the Helm

PGIM Announces Major Leadership Shift: Morgan Stanley's Chappuis Takes the Helm
2 months ago

In a significant development within the financial services industry, PGIM, a prominent global investment management firm, has reportedly decided to replace its current CEO, David Hunt, with Michael Chappuis, who is currently serving as an executive at Morgan Stanley. This leadership transition is set to take place as PGIM navigates the complex landscape of investment management and seeks to enhance its competitive positioning.

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Shifting Strategies: Family Offices Set to Increase Investments in Private Credit, Reports PGIM

Shifting Strategies: Family Offices Set to Increase Investments in Private Credit, Reports PGIM
2 months ago

In a notable trend emerging within the realm of financial investment, family offices, which manage private wealth for affluent individuals and families, are indicating a strong intention to enhance their allocations towards private credit. According to recent insights shared by PGIM, the investment management arm of Prudential Financial, this strategic pivot is largely driven by the current volatility in traditional markets and the quest for stable returns amid uncertain economic conditions.

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