PGIM Multi-Asset Solutions marks continued expansion with key portfolio management and risk hires
PGIM Multi-Asset Solutions (PMA) has announced key appointments to strengthen its portfolio management and risk capabilities. Mao Dong joins as co-head of Portfolio Management from Goldman Sachs Asset Management, bringing extensive experience in multi-asset portfolio management. Eoin Elliffe was hired as chief risk officer in June to enhance PMA's risk framework.
These appointments come as PMA continues to expand, having grown its AUM to $17 billion since its formation in 2022. The team aims to meet the increasing demand for complex multi-asset class portfolio construction and management from insurance, reinsurance, and pension fund clients.
PMA was recently appointed as the asset manager for an $11 billion reinsurance transaction between Prudential Financial and Wilton Re, marking its second significant reinsurance mandate.
PGIM Multi-Asset Solutions (PMA) ha annunciato importanti nomine per rafforzare le sue capacità di gestione del portafoglio e di rischio. Mao Dong entra come co-responsabile della gestione del portafoglio da Goldman Sachs Asset Management, portando un'ampia esperienza nella gestione di portafogli multi-asset. Eoin Elliffe è stato assunto come chief risk officer a giugno per migliorare il framework di rischio di PMA.
Queste nomine arrivano mentre PMA continua ad espandersi, avendo aumentato il suo AUM a 17 miliardi di dollari dalla sua formazione nel 2022. Il team mira a soddisfare la crescente domanda di costruzione e gestione di portafogli complessi multi-asset da parte di clienti come assicurazioni, riassicurazioni e fondi pensione.
PMA è stata recentemente nominata come gestore di un affare di riassicurazione da 11 miliardi di dollari tra Prudential Financial e Wilton Re, segnando il suo secondo mandato significativo nel settore della riassicurazione.
PGIM Multi-Asset Solutions (PMA) ha anunciado nombramientos clave para fortalecer sus capacidades de gestión de carteras y de riesgo. Mao Dong se une como co-director de gestión de carteras desde Goldman Sachs Asset Management, aportando una amplia experiencia en la gestión de carteras multi-activo. Eoin Elliffe fue contratado como director de riesgos en junio para mejorar el marco de riesgo de PMA.
Estos nombramientos se producen mientras PMA sigue expandiéndose, habiendo aumentado su AUM a 17 mil millones de dólares desde su formación en 2022. El equipo tiene como objetivo satisfacer la creciente demanda de construcción y gestión de carteras complejas de múltiples clases de activos por parte de clientes de seguros, reaseguros y fondos de pensiones.
PMA fue recientemente nombrada como gestora de un trasacción de reaseguro de 11 mil millones de dólares entre Prudential Financial y Wilton Re, marcando su segundo mandato significativo en el sector del reaseguro.
PGIM 멀티 자산 솔루션(PMA)은 포트폴리오 관리 및 리스크 능력을 강화하기 위해 주요 임명을 발표했습니다. 마오 동이 골드만 삭스 자산 관리에서 포트폴리오 관리의 공동 책임자로 합류하며, 멀티 자산 포트폴리오 관리에 대한 폭넓은 경험을 가져옵니다. 이온 엘리프는 6월에 최고 리스크 책임자로 채용되어 PMA의 리스크 프레임워크를 개선합니다.
이러한 임명은 PMA가 계속 확장하고 있는 가운데 진행되며, 2022년 설립 이후 AUM을 170억 달러로 증가시켰습니다. 팀은 보험, 재보험 및 연금 기금 고객들로부터 복잡한 멀티 자산 클래스 포트폴리오 구축 및 관리에 대한 증가하는 수요를 충족하는 것을 목표로 하고 있습니다.
PMA는 최근 프루덴셜 파이낸셜과 윌턴 리 간의 110억 달러 재보험 거래의 자산 관리자 역할을 맡아 두 번째 중요한 재보험 업무를 수행하게 되었습니다.
PGIM Multi-Asset Solutions (PMA) a annoncé des nominations clés pour renforcer ses capacités de gestion de portefeuille et de risque. Mao Dong rejoint en tant que co-responsable de la gestion de portefeuille depuis Goldman Sachs Asset Management, apportant une vaste expérience en gestion de portefeuille multi-actifs. Eoin Elliffe a été recruté en juin comme directeur des risques pour améliorer le cadre de risque de PMA.
Ces nominations interviennent alors que PMA continue d'expansion, ayant augmenté ses AUM à 17 milliards de dollars depuis sa création en 2022. L'équipe vise à répondre à la demande croissante de construction et de gestion de portefeuilles complexes multi-actifs auprès de clients d'assurances, de réassurances et de fonds de pension.
PMA a récemment été nommé gestionnaire d'actifs pour une transaction de réassurance de 11 milliards de dollars entre Prudential Financial et Wilton Re, marquant son deuxième mandat significatif en réassurance.
PGIM Multi-Asset Solutions (PMA) hat wichtige Ernennungen bekannt gegeben, um seine Portfolio-Management- und Risiko-Fähigkeiten zu stärken. Mao Dong tritt als Co-Leiter des Portfolio-Managements von Goldman Sachs Asset Management bei und bringt umfangreiche Erfahrung im Multi-Asset-Portfolio-Management mit. Eoin Elliffe wurde im Juni als Chief Risk Officer eingestellt, um das Risikorahmenwerk von PMA zu verbessern.
Diese Ernennungen erfolgen, da PMA weiterhin expandiert und sein AUM seit der Gründung 2022 auf 17 Milliarden Dollar gewachsen ist. Das Team zielt darauf ab, der wachsenden Nachfrage nach komplexen Multi-Asset-Klassen-Portfolio-Konstruktion und -Management von Versicherungs-, Rückversicherungs- und Pensionsfonds-Kunden gerecht zu werden.
PMA wurde kürzlich als Vermögensverwalter für eine 11 Milliarden Dollar Rückversicherungstransaktion zwischen Prudential Financial und Wilton Re ernannt, was ihr zweites bedeutendes Rückversicherungsmandat darstellt.
- Appointment of experienced professionals Mao Dong and Eoin Elliffe to key roles
- AUM growth to $17 billion since 2022
- Secured $11 billion reinsurance transaction asset management mandate
- Expanding capabilities to meet complex client needs in multi-asset solutions
- None.
“Our insurance, reinsurance and pension fund clients increasingly require complex multi-asset class portfolio construction and management. Mao’s appointment is another important milestone in building PGIM’s multi-asset solutions business to meet the needs of those clients.” -- Phil Waldeck, CEO, PGIM Multi-Asset Solutions (Photo: Business Wire)
Dong joins PGIM from Goldman Sachs Asset Management (GSAM), where he spent over 14 years, most recently as co-head of OCIO Portfolio Management and head of Portfolio Construction and Manager Research.
At GSAM he led a team of portfolio managers in overseeing strategic and dynamic asset allocation, manager selection, portfolio implementation and risk management for OCIO portfolios globally. Dong also served as senior portfolio manager for several of GSAM’s multi-asset class funds across global equity, fixed income and public real assets.
At PMA, Dong will be responsible for designing and managing multi-asset portfolios for institutional clients, including developing and applying relative value views across public and private investment strategies.
PMA CEO Phil Waldeck comments: “Our insurance, reinsurance and pension fund clients increasingly require complex multi-asset class portfolio construction and management. Mao’s appointment is another important milestone in building PGIM’s multi-asset solutions business to meet the needs of those clients.”
The appointment comes amid a continued build-out of PMA, which has grown AUM to
Elliffe’s role is to build and enhance PMA’s risk framework and support the development of investment and risk management solutions for clients. Waldeck continues: “Eoin’s expertise will help us develop our capabilities and strengthen our value proposition for each of our market segments: insurance and reinsurance companies, and pension funds.”
Elliffe joined PMA from Midwest Holding, where he served as chief risk officer. His career spans asset liability management, trading and risk management roles across insurance, reinsurance providers, and investment management firms.
Dong shares portfolio management responsibilities with co-head Jonathan Holt and reports to PMA chief investment officer Alfred Lerman. Holt joined PMA in 2022 from Prudential Financial, where he served as head portfolio manager for Prudential’s Retirement and Group Insurance portfolios.
Waldeck concludes: “With these appointments we have created a team with a deep understanding of the solutions which insurers and pension funds require. I look forward to seeing them contribute to our continued success.”
PMA was recently appointed as the asset manager for the assets supporting an
ABOUT PGIM MULTI-ASSET SOLUTIONS
PGIM Multi-Asset Solutions (PMA) was launched in 2022 as a business of PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU). PMA combines asset-liability management expertise with portfolio strategy and asset allocation to develop integrated solutions for institutional investors. Partnering with the wider PGIM businesses that manage investments on behalf of 158 of the largest 300 global pension funds,2 PMA brings together over 145 years of investment management and risk management expertise. For more information visit pgim.com/multi-asset-solutions.
ABOUT PGIM
PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU). In 41 offices across 18 countries, our more than 1,400 investment professionals serve both retail and institutional clients around the world.
As a leading global asset manager with
Prudential Financial, Inc. (PFI) of
1AUM estimated as of Sept. 30, 2024.
2 Based on PGIM client list as of June 30, 2024, compared to P&I/Thinking Ahead Institute’s Top 300 Global Pension Funds ranking, data as of Dec. 31, 2022, published September 2023.
3As of June 30, 2024.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241009388611/en/
MEDIA CONTACT
Guy Nicholls
+1 973 204 1648
guy.nicholls@pgim.com
Source: Prudential Financial, Inc.
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