NEWARK, N.J.--(BUSINESS WIRE)--Prudential Fixed Income, currently operating under two names globally, announced today that it will consolidate its brands under a single name—PGIM Fixed Income, effective Jan. 1, 2017.1 The company already operates as PGIM Fixed Income in markets outside of the United States and Japan.
Prudential Fixed Income is a global asset manager offering active solutions across all fixed income markets. The company manages assets for institutional clients and retail investors worldwide with $681 billion in assets under management as of Sept. 30, 2016.
“As we continue to expand globally, a single name offers better clarity and consistency across all regions in which we operate,” said Michael Lillard, head of Prudential Fixed Income and chief investment officer.
As a premier active global fixed income asset manager, Prudential Fixed Income has offices in the U.S., London, Tokyo, and Singapore covering the global fixed income markets. The company is a part of PGIM, the global investment management businesses of Prudential Financial, Inc. (NYSE:PRU).
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 fundamental equity, quantitative equity, public fixed income, private fixed income, real estate and commercial mortgages. Its businesses have offices in 16 countries across five continents and have more than $1 trillion in assets under management as of Sept. 30, 2016. PGIM is the global investment management businesses of Prudential Financial, Inc. (NYSE: PRU). For more information, please visit http://www.pgim.com
About Prudential Financial, Inc.
Prudential Financial, Inc. (NYSE:PRU), a financial services leader, has operations in the United States, Asia, Europe and Latin America. Prudential offers a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. For more information, please visit http://www.news.prudential.com/
1 Pending customary regulatory approvals in certain markets.