The USD$1.2 trillion asset management business of one of the world's largest insurance providers has named its new institutional relationships lead.
PGIM appointed Cameron Lochhead as the global head of its institutional relationship group to take a "hands-on" role with the firm's top institutional clients and grow its client service reputation.
Lochhead first joined PGIM - a subsidiary of Prudential Financial - in 2016, after an 11 year career at Russell Investments, where he was a regional director.
His new post will see him continue to be a key partner to the firm's "autonomous" asset management businesses, which include its fixed income, real estate, real estate finance arms and its USD$87 billion private placement business, Prudential Capital Group.
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Based in New Jersey, Lochhead will lead the global team, including representatives in Sydney, Chicago, London, Munich, Singapore and Shanghai, where PGIM plans to expand to later this year.
PGIM chief executive David Hunt said Lochhead's leadership would see the firm continue to build on its reputation as a leading global asset manager, and Lochhead said he was looking forward to the opportunity to deliver for the firm's clients.
"PGIM's Institutional Relationship Group is known for responding to the needs of asset owners. By sharing PGIM's investment expertise, research and insights we support our clients to make the best possible decisions," Lochhead said.
"I look forward to guiding our ongoing efforts to deliver PGIM's unique capabilities to our valued clients throughout the world."