PGIM appoints senior relationship executive in China

NEWARK, N.J.--(BUSINESS WIRE)--Sun Hao has joined PGIM as head of its Institutional Relationship Group for China. PGIM Inc. is the $1.3 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).

Sun, who will be based in Shanghai, will report to Philip Hsin, head of PGIM’s Institutional Relationship Group in Asia Pacific, ex-Japan. In this newly created role, Sun will focus on building brand recognition and deepening relationships with chief investment officers, C-suite executives and other top decision-makers in the leading Chinese banks, pension plans and insurance companies. Sun will also liaise with local regulators and help PGIM to deepen its long-term relationships with Chinese institutional investors.

Sun was most recently general manager for Legg Mason’s Shanghai operations. He has previously held institutional client coverage and business development roles at AllianceBernstein, Amundi, PIMCO and ING Bank.

PGIM currently operates in the Chinese market through several of its wholly owned affiliates and manages assets on behalf of Chinese institutions. In addition, PGIM has served local retail and institutional clients in China since 2004 through Everbright PGIM Fund Management Co., a joint venture with Everbright Securities based in Shanghai, currently managing over $20 billion¹ in assets.

“As one of the fastest growing asset management markets globally, China is a key strategic priority for PGIM, and we believe that our deep expertise across public and private assets, combined with our scale, positions us to meet the evolving needs of China’s client base,” PGIM Chief Executive Officer David Hunt said.

“As part of PGIM’s long-term commitment to the Chinese market, Sun’s appointment will deepen our existing client relationships, while also identifying new opportunities,” Hunt said.

“Sun’s depth of knowledge across the investment management landscape in China will enable him to play a vital role in supporting PGIM to grow its asset base from Chinese clients primarily in the outbound market, across the suite of PGIM’s investment capabilities, including public equity, public and private fixed income, real estate equity and debt, and alternatives,” said Hsin.

Sun holds a bachelor’s degree from Beijing University, China, and an MBA from the China Europe International Business School in Shanghai.

About PGIM and Prudential Financial, Inc.

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 $1.3 trillion in assets under management as of Sept. 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 about PGIM, visit pgim.com.

Prudential’s additional businesses offer a variety of products and services, including life insurance, annuities and retirement-related services. For more information about Prudential, please visit news.prudential.com.

Prudential Financial, Inc. 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.

¹ As of Sept. 30, 2019.
² Pensions & Investments’ Top Money Managers list, May 27, 2019; based on Prudential Financial 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.