By Colin Kellaher


Prudential Financial has tabbed Morgan Stanley veteran Jacques Chappuis to succeed David Hunt at the helm of the Prudential's $1.4 trillion investment-management business.

The insurance company on Friday said Hunt would retire as president and chief executive of PGIM on May 1 and would be succeeded by Chappuis, who had been co-head of Morgan Stanley Investment Management, the asset-management arm of investment bank Morgan Stanley, since the start of the year.

A Morgan Stanley representative confirmed that Chappuis recently left the company.

Hunt, who has led PGIM since 2011, is expected to remain chairman until the end of July to assist with the transition, Newark, N.J.-based Prudential said.

Chappuis had been serving as global head of distribution and co-head of the solutions and multi-asset group for Morgan Stanley Investment Management since 2016 before his promotion, which was part of several leadership changes at Morgan Stanley following the appointment of Ted Pick to succeed the retiring James Gorman as CEO.

He had previously held senior leadership roles at Morgan Stanley from 2006 to 2013 before leaving for a stint at Carlyle Group.


Write to Colin Kellaher at colin.kellaher@wsj.com


(END) Dow Jones Newswires

11-08-24 1204ET