Prudential $1.4 Trillion Asset Manager PGIM Hires Morgan Stanley Investment Management Co-Head Jacques Chappuis as President & CEO Effective 2025 May, Succeeds David Hunt Who Will Retire in 2025 July, Jacques Chappuis Has 22 Years of Investment Experience at Citi, Carlyle & Morgan Stanley
12th November 2024 | Hong Kong
Prudential asset manager PGIM with $1.4 trillion AUM has hired Morgan Stanley Investment Management Co-Head Jacques Chappuis as President & CEO (effective 2025 May), succeeding David Hunt who is retiring in 2025 July. Jacques Chappuis has 22 years of investment experience at Citi, Carlyle & Morgan Stanley, holding senior roles including as Head of Investment Solutions, Global Head of Distribution, Co-Head of Solutions & Multi-Strategy of Investment Management and Co-Head of Morgan Stanley Investment Management. PGIM (8/11/24): “Prudential Financial, Inc. (NYSE: PRU) announced the appointment of Jacques Chappuis as president and CEO of PGIM, its $1.4 trillion global investment management business, effective May 1, 2025. Chappuis will report to Andrew Sullivan, head of International Businesses and Global Investment Management for Prudential Financial, Inc. Chappuis succeeds David Hunt, who will retire as president and CEO and stay on as chairman of PGIM until July 31, 2025, remaining actively involved throughout the transition period … … With nearly 30 years of investment management experience, Chappuis joins PGIM from Morgan Stanley, where he was most recently co-head of Morgan Stanley Investment Management (MSIM). At MSIM, he played a key role in the transformative and successful integration of Eaton Vance.” In 2024 September, PGIM received license to operate in Abu Dhabi Global Market (ADGM), opening a new office in Abu Dhabi. Ex-JP Morgan Emira Socorro has been appointed as Senior Executive Officer to head the Abu Dhabi office.
” Prudential $1.4 Trillion Asset Manager PGIM Hires Morgan Stanley Investment Management Co-Head Jacques Chappuis as President & CEO Effective 2025 May, Succeeds David Hunt Who Will Retire in 2025 July, Jacques Chappuis Has 22 Years of Investment Experience at Citi, Carlyle & Morgan Stanley “
Andrew Sullivann, Head of International Businesses & Global Investment Management for Prudential Financial: “Under David’s leadership, PGIM has grown to become one of the premier global asset managers in the world, well known for its public and private markets investment expertise, with assets under management growing to $1.4 trillion from $619 billion since David joined the firm in 2011. David has overseen PGIM’s impressive expansion in the U.K., Europe and Japan, as well as the integration of new capabilities such as private equity secondaries and the expansion of expertise in existing asset classes, including private credit. His contributions and commitment to culture have also led to PGIM being recognized as a Best Place to Work in Money Management by Pensions & Investments for several years. We are grateful to David for his 13 years of service to PGIM. He leaves an indelible impression on PGIM’s legacy … … Kacques is well known for his deep commitment to clients, his leadership in acquisitions, and breadth of expertise across public and private market solutions. We know that he is the right person to lead PGIM’s next chapter of growth. Over the last decade, PGIM has meaningfully expanded its third-party asset management business. Jacques’ expertise will allow us to identify opportunities to accelerate our continued growth through new markets, innovative products, and comprehensive solutions across a wide range of asset classes. I look forward to working with Jacques to lead one of the key growth engines of Prudential.”
Jacques Chappuis, Incoming PGIM President & CEO: “I’m proud to become PGIM’s next president and CEO, leading an incredible team through its next chapter of growth,” said Chappuis. “PGIM’s expertise and capabilities across public and private markets reinforces its commitment to meeting clients’ differentiated long-term investment needs, and I look forward to building upon the firm’s successes.”
Jacques Chappuis – Jacques Chappuis was most recently the co-head of MSIM and a member of the Morgan Stanley Management Committee. From 2006 to 2013, he held senior leadership roles in Morgan Stanley’s Investment Management and Wealth Management businesses, including head of Morgan Stanley Alternative Investment Partners, before joining The Carlyle Group as head of Investment Solutions. Chappuis returned to Morgan Stanley in 2016, where he served as global head of Distribution and co-head of the Solutions and Multi-Asset Group for MSIM before his latest role. Prior to his experience at Morgan Stanley, Chappuis was head of Alternative Investments for Citigroup’s Global Wealth Management Group. In earlier roles, he was a managing director at Citigroup Alternative Investments, the firm’s proprietary alternative investment unit; a consultant at the Boston Consulting Group; and an investment banker at Bankers Trust Company. He received his B.A. in finance from Tulane University and an MBA from Columbia Business School. He is a member of the New York Board of Advisors of Teach For America and a board member of Centro para la Nueva Economia, a Puerto Rico-based think tank focused on policy matters related to the island’s economy.
PGIM – PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU). In 42 offices across 19 countries and jurisdictions, our more than 1,400 investment professionals serve both retail and institutional clients around the world. As a leading global asset manager with $1.4 trillion in assets under management,* PGIM is built on a foundation of strength, stability, and disciplined risk management. Our multi-affiliate model allows us to deliver specialized expertise across key asset classes with a focused investment approach. This gives our clients a diversified suite of investment strategies and solutions with global depth and scale across public and private asset classes, including fixed income, equities, real estate, private credit, and other alternatives.
Prudential Financial – Prudential Financial, Inc. (NYSE: PRU) (PFI), a global financial services leader and premier active global investment manager with approximately $1.6 trillion in assets under management as of Sept. 30, 2024, has operations in the United States, Asia, Europe, and Latin America. PFI’s diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security. PFI’s iconic Rock symbol has stood for strength, stability, expertise and innovation for nearly 150 years.
Prudential $1.3 Trillion Investment Manager PGIM Received License to Operate in Abu Dhabi Global Market (ADGM), Opened New Office in Abu Dhabi, ex-JP Morgan Emira Socorro Appointed as Senior Executive Officer to Head Abu Dhabi Office
17th September 2024 – Prudential investment manager PGIM with $1.3 trillion AUM has received the license to operate in Abu Dhabi Global Market (ADGM), opening a new office in Abu Dhabi. Ex-JP Morgan Emira Socorro has been appointed as Senior Executive Officer to head the Abu Dhabi office. PGIM (12/9/24): “PGIM, the $1.33 trillion global investment management business of Prudential Financial, Inc., has received Financial Services Permission (FSP) to operate in Abu Dhabi Global Market (ADGM) and has opened a new office in Abu Dhabi, located in the heart of the city’s financial district. Establishing its local entity marks PGIM’s formal entry into the Middle East market, underscoring its commitment to serving institutional and professional clients in the region. PGIM is dedicated to providing innovative investment strategies and comprehensive client advisory services to regional investors, helping them navigate market complexities and achieve their financial goals. As a global leader in asset management, PGIM has deep asset class expertise and risk management discipline and has served clients in the Middle East for many years. PGIM offers active management and client-focused advisory services across private and public markets, meeting client needs in Private Alternatives (Real Estate, Agriculture, Private Equity and Private Credit); Fixed Income; Fundamental Equity; Multi-asset Solutions; and Retirement and Fund Solutions. With a global team of more than 1,400 investment professionals, averaging 22 years of experience, across 41 offices in 19 countries, PGIM is bringing its wealth of expertise to one of the world’s most progressive financial centres in the Middle East. PGIM also announced the appointment of Emira Socorro as senior executive officer, heading the newly opened office in Abu Dhabi and a member of the board of the local entity. With over 25 years of experience in asset management and investment banking across the United States, Europe, Asia, and the Middle East, Socorro has held senior positions at J.P. Morgan Chase and Arcapita. Additionally, she has led a private advisory practice that connected Gulf Cooperation Council (GCC) family offices with Islamically compliant real estate investment opportunities in the United States and Europe, while also advising GCC family offices on their investment portfolios.”
Arvind Ramamurthy, Chief of Market Development at ADGM: “We are proud to welcome PGIM, one of the largest asset management companies in the world, to one of the largest financial districts in the world — ADGM. PGIM’s expansion into Abu Dhabi marks an important milestone in leveraging its unparalleled expertise and comprehensive range of services alongside ADGM’s robust ecosystem to unlock a wealth of investment opportunities in the region. Their role in driving growth and innovation in the region will strengthen ADGM’s position as a global financial powerhouse.”
Mohammed Abdulmalek, Head of the Middle East for PGIM and Chairman of the newly established local entity: “PGIM is well equipped to offer bespoke investment solutions that align with the region’s economic growth and transformation. Abu Dhabi remains a key market for us, and the establishment of our new legal entity in ADGM emphasises our ongoing dedication to our presence in the UAE and our commitment to the Middle East. I look forward to leading PGIM’s efforts in delivering value to our clients and contributing to the financial landscape of the UAE.”
PGIM – PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU). In 41 offices across 19 countries, our more than 1,400 investment professionals serve both retail and institutional clients around the world. As a leading global asset manager, with $1.33 trillion in assets under management, PGIM is built on a foundation of strength, stability, and disciplined risk management. Our multi-affiliate model allows us to deliver specialised expertise across key asset classes with a focused investment approach. This gives our clients a diversified suite of investment strategies and solutions with global depth and scale across public and private asset classes, including fixed income, equities, real estate, private credit, and other alternatives. Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.
Prudential $1.3 Trillion Investment Manager PGIM Received License to Operate in Abu Dhabi Global Market (ADGM), Opened New Office in Abu Dhabi, ex-JP Morgan Emira Socorro Appointed as Senior Executive Officer to Head Abu Dhabi Office
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