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PGIM enhances European operations

New PGIM entity approved as Alternative Investment Fund Manager in the Netherlands - PGIM Fixed Income hires Client Advisor for Benelux and the Nordics

September 23, 2019

NEWARK, N.J., Sept. 23, 2019 - PGIM, the global investment management business of U.S.-based Prudential Financial, Inc. (PFI) (NYSE: PRU) and one of the world's top 10 asset managers with $1.2 trillion in assets under management as of June 30, 2019, continues to enhance its European footprint following the recent approval, by the Dutch Authority for the Financial Markets, for it to operate an Alternative Investment Fund Manager (AIFM) from its newly established office in the Netherlands. The office, based in Amsterdam, acts as the AIFM for its existing Irish alternative investment fund and provides investment management, marketing and distribution services in the European Union.

'We have been working closely with clients across Europe for many years and the establishment of our office in Amsterdam demonstrates our long-term commitment to the region.' David Hunt, CEO, PGIM
Anna de Jong, Client Advisor, Benelux and the Nordics, PGIM Fixed Income
Learn more aboutPGIM: pgim.com

This newly authorized entity follows the announcement in July 2019 that PGIM Investments, the global manufacturer and fund distributor of PGIM, established operations in Switzerland and further enhances PGIM's European footprint which includes its operations in the U.K., Germany, France, Ireland and Luxembourg.

David Hunt, president and CEO of PGIM, commented, 'We have been working closely with clients across Europe for many years and the establishment of our office in Amsterdam demonstrates our long-term commitment to the region as we continue to deepen our local presence to better serve our growing client base.'

PGIM's Netherlands office serves as an additional European hub for its businesses, including PGIM Fixed Income, the $809 billion¹ global asset manager offering active solutions across all fixed income markets, which has hired Anna de Jong into the newly created role of Client Advisor for Benelux and the Nordics. De Jong, based in Amsterdam, reports to Sarah McMullen, head of EMEA Client Advisory Group, PGIM Fixed Income. De Jong joins Marco Boogaard and Michael Kaal, PGIM Fixed Income Netherland's chief compliance officer and chief risk officer, respectively, in the Amsterdam office.

Previously, de Jong was the head of Benelux sales and solutions for Lombard Odier. Prior to that she was an executive director in the Structured Solutions Group of Nomura, based in London, and held positions at Morgan Stanley and Merrill Lynch in their institutional equity divisions. She has over 15 years' investment experience.

McMullen commented, 'We are delighted to welcome Anna to the team at this important time for us in Europe. As we continue to deepen client relationships and gain new ones in Benelux and the Nordics, it's important to have experienced professionals with local expertise. Anna's deep understanding of the needs and priorities of our clients will play a key role in our ability to successfully partner with them.'

About PGIM Fixed Income

PGIM Fixed Income, with $809 billion in assets under management as of June 30, 2019, is a global asset manager offering active solutions across all fixed income markets. The company has offices in Newark, N.J., London, Tokyo and Singapore. For more information, visit pgimfixedincome.com.

About PGIM

With 16 consecutive years of positive third-party institutional net flows, PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU) , ranks among the top 10 largest asset managers in the world² with more than $1.2 trillion in assets under management as of June 30, 2019. With offices in 15 countries, PGIM's businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate and alternatives. For more information, please visit pgim.com.

Prudential Financial, Inc. (PFI) of the United States is not affiliated with Prudential plc, which is headquartered in the United Kingdom. For more information please visit news.prudential.com.

¹Assets under management (AUM) as of June 30, 2019. AUM are based on company estimates and are subject to change.

²Pensions & Investments' Top Money Managers list, May 27, 2019; based on PFI total worldwide institutional assets under management as of Dec. 31, 2018. Assets under management (AUM) are based on company estimates and are subject to change.

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