Newsmakers
Prudential Financial Names Matt Armas CIO
Set to start in March 2026, the new hire’s insurance expertise was cited as an important factor.
Tag: Prudential Financial
Corporate Moves
PGIM AUM Grows to $1.4T, Driven by Market Appreciation
In its earnings report for the year’s second quarter, Prudential also reported a slowdown in pension risk transfer mega-deals.
Newsmakers
Andrew Sullivan Named Next CEO of Prudential Financial
Sullivan, who oversees PGIM, will succeed Charles F. Lowrey in the role.
Newsmakers
Andrew Yorks Appointed as Head of Global Investment Strategy at Prudential
His appointment is effective July 15, and he will report to Prudential CIO Tim Schmidt.
Asset Allocation
Re-Mixing Asset Allocation: Insurers Decrease Bonds, Then Do a Partial Reversal
The industry also is expanding its exposure to stocks and alts, amid rising rates.
Pensions
Barclays’ UK Retirement Fund Closes $8.1 Billion Longevity Risk Deal
The pension fund aims to hedge against any unexpected rise in life expectancies.
Manager Selection
PGIM Hires VP of DEI Strategy and Industry Engagement
PGIM appoints Natalie Gill as vice president of DEI strategy and industry engagement.
Pensions
Special Report: Will Pension Risk Transfers Someday Control All DB Plans?
The trend is mounting for corporate sponsors to shunt liabilities to insurers. But some don’t want to do that, and others can’t.
Pensions
Special Report: The Risk Factor in Pension Transfers
Plans often do piecemeal deals, to reduce the chances of everything going down the tubes.
Corporate Moves
People Moves Roundup
Prudential Financial appoints Managing Director, Cohen & Steers appoints CIO, and more.