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PGIM Quantitative Solutions Bolsters Distribution Team With Senior Appointment and Promotion
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Rhea-AI Summary
PGIM Quantitative Solutions has strengthened its distribution team with the appointment of Cyrus Cottin as head of International Distribution and the promotion of Pam Clancy to head of Global Consultant Relations. These changes aim to enhance PGIM Quant’s distribution strategy across Europe and APAC, in response to growing demand for quantitative investment solutions. Cottin previously worked at Eastspring Investments, and Clancy has been with PGIM in various roles. As of June 30, 2022, PGIM Quantitative Solutions manages approximately US$91.5 billion in assets.
Positive
Appointment of Cyrus Cottin to enhance distribution strategy in Europe and APAC.
Pam Clancy's promotion indicates internal growth and stability.
Cottin's experience from Eastspring Investments adds valuable expertise.
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LONDON--(BUSINESS WIRE)--
PGIM Quantitative Solutions (PGIM Quant), the quantitative and multi-asset solutions specialist of PGIM, has bolstered its distribution team with the appointment of Cyrus Cottin as head of International Distribution, and the promotion of Pam Clancy to head of Global Consultant Relations, effective immediately. PGIM is the US$1.3 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
Brian Carroll, Head of Global Distribution, PGIM Quantitative Solutions (Photo: Business Wire)
Based in London, Cottin reports to Brian Carroll, PGIM Quant’s head of Global Distribution. In his role, Cottin is responsible for developing and leading PGIM Quant’s distribution strategy across Europe and APAC, as well as driving the expansion across both existing and new relevant markets. Cottin will support distribution efforts across the firm’s three key investment platforms: Quantitative Equity, Multi Asset and PGIM Wadhwani.
Carroll said: “Deepening our commitment to servicing international clients reflects the accelerated demand we are seeing across these markets for diversified quantitative investment solutions. We are delighted to welcome Cyrus; his knowledge and experience will help enhance the business across Europe and APAC as we continue to strengthen client relationships across these key markets.”
Cottin joins from Eastspring Investments where he was director of distribution, Europe and Middle East. Prior to this, he was head of distribution, Switzerland, France and Germany, for BrightSphere Investment Group and held business development roles at Amundi ESG and Amundi Alternative Investments.
Cottin said: “I have been impressed by PGIM Quant’s commitment to international markets and dedication to building the local infrastructure, while bringing tailored investment solutions to investors where we continue to see increased demand, particularly PGIM Wadhwani. I look forward to continuing to grow the firm’s presence in Europe and APAC.”
PGIM Wadhwani specialises in systematic macro investing and provides diversifying strategies that aim to perform well in a variety of environments including those in which equity markets do poorly or inflation is high and volatile. These strategies are either available on a stand-alone basis or can be used to create customised overlay solutions.
In addition to Cottin’s appointment, Pam Clancy has been promoted to head of Global Consultant Relations. Based in Newark, New Jersey, Clancy was previously head of US Consultant Relations.
Reporting to Carroll, Clancy oversees a team of five, based across San Francisco, the Midwest, Newark and London. She is responsible for coordinating all global consultant activities and deepening relationships in the consultant community.
Carroll added: “Pam’s excellent track record allows for the continued strengthening of our key partnerships with consultants across the globe, especially as we see steady growth in demand for systematic solutions that provide targeted alpha, diversified returns and customised outcomes.”
PGIM Quant also recently appointed London-based Apostolos Katsaris as senior client portfolio manager for the PGIM Wadhwani liquid-alts platform.
ABOUT PGIM QUANTITATIVE SOLUTIONS
As the quantitative and multi-asset solutions specialist of PGIM, PGIM Quantitative Solutions seeks to help solve complex investment problems with custom systematic solutions across the risk/return spectrum. Our modular portfolio construction simplifies our design of client-specific solutions. We can customise down to the stock level for portfolio considerations, with product offerings that range from core solutions and systematic macro to multi-asset portfolios and overlays. All of our options can be harnessed to provide stable return streams uncorrelated with existing strategies.
PGIM Quantitative Solutions manages portfolios for a worldwide institutional client base, including corporate and public pension plans, endowments and foundations, multiemployer pension plans, and subadvisory accounts for other financial services companies. As of 30 June 2022, PGIM Quantitative Solutions had approximately US$91.5 billion in assets under management.
PGIM Wadhwani LLP was founded in October 2002 as Wadhwani Asset Management (WAM) by Dr. Sushil Wadhwani, CBE. Investment operations commenced in January 2003. PGIM Wadhwani is a London-based asset management company, authorised and regulated by the Financial Conduct Authority (219900), which specialises in systematic/quantitative macro investing. The diversifying strategies offered aim to do well during periods when equity markets are struggling.
ABOUT PGIM
PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU), a leading global investment manager with nearly US$1.3 trillion in assets under management as of 30 June 2022. With offices in 17 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 Financial, Inc. (PFI) 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. For more information please visit news.prudential.com.
In the United Kingdom, information is issued by PGIM Limited with registered office: Grand Buildings, 1-3 Strand, Trafalgar Square, London, WC2N 5HR. PGIM Limited is authorised and regulated by the Financial Conduct Authority (“FCA”) of the United Kingdom (Firm Reference Number 193418). In the European Economic Area (“EEA”), information is issued by PGIM Netherlands B.V. with registered office: Gustav Mahlerlaan 1212, 1081 LA Amsterdam, The Netherlands. PGIM Netherlands B.V. is authorised by the Autoriteit Financiële Markten (“AFM”) in the Netherlands (Registration number 15003620) and operating on the basis of a European passport. In certain EEA countries, information is, where permitted, presented by PGIM Limited in reliance of provisions, exemptions or licenses available to PGIM Limited under temporary permission arrangements following the exit of the United Kingdom from the European Union. These materials are issued by PGIM Limited and/or PGIM Netherlands B.V. to persons who are professional clients as defined under the rules of the FCA and/or to persons who are professional clients as defined in the relevant local implementation of Directive 2014/65/EU (MiFID II).
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Source: PGIM Quantitative Solutions
FAQ
What is the significance of Cyrus Cottin's appointment for PRU?
Cyrus Cottin's appointment as head of International Distribution is significant for PRU as it aims to enhance PGIM Quant's distribution strategy in key regions, responding to increased demand for quantitative investment solutions.
What are the expected impacts of PGIM Quant's leadership changes on stock PRU?
The leadership changes at PGIM Quant may positively impact stock PRU by strengthening client relationships and expanding market presence in Europe and APAC, potentially leading to increased assets under management.
How much does PGIM Quantitative Solutions manage as of June 30, 2022?
As of June 30, 2022, PGIM Quantitative Solutions manages approximately US$91.5 billion in assets.
What is PGIM's strategy in response to client demand?
PGIM is focusing on developing tailored quantitative investment solutions to meet accelerated demand in international markets, particularly through the enhancement of its distribution capabilities.
Who oversees the Global Consultant Relations at PGIM?
Pam Clancy oversees the Global Consultant Relations at PGIM, coordinating activities and enhancing relationships in the consultant community.
