STOCK TITAN

Prudential appoints Jacques Chappuis as president and chief executive officer of PGIM

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
management

Prudential Financial has appointed Jacques Chappuis as the new president and CEO of PGIM, its $1.4 trillion global investment management business, effective May 1, 2025. Chappuis, formerly co-head of Morgan Stanley Investment Management, will succeed David Hunt, who will retire after a successful 13-year tenure but remain as chairman until July 31, 2025 to ensure a smooth transition. Under Hunt's leadership, PGIM's assets under management grew from $619 billion to $1.4 trillion, with significant expansion in the UK, Europe, and Japan. Chappuis brings nearly 30 years of investment management experience and will report to Andrew Sullivan, head of International Businesses and Global Investment Management.

Prudential Financial ha nominato Jacques Chappuis nuovo presidente e CEO di PGIM, la sua attività di gestione degli investimenti globale da 1,4 trilioni di dollari, a partire dal 1 maggio 2025. Chappuis, ex co-responsabile di Morgan Stanley Investment Management, succederà a David Hunt, che andrà in pensione dopo un successo di 13 anni, ma rimarrà presidente fino al 31 luglio 2025 per garantire una transizione fluida. Sotto la guida di Hunt, gli asset gestiti da PGIM sono passati da 619 miliardi a 1,4 trilioni, con un'espansione significativa nel Regno Unito, in Europa e in Giappone. Chappuis porta con sé quasi 30 anni di esperienza nella gestione degli investimenti e riporterà ad Andrew Sullivan, responsabile delle Attività Internazionali e della Gestione degli Investimenti Globale.

Prudential Financial ha nombrado a Jacques Chappuis como el nuevo presidente y CEO de PGIM, su negocio de gestión de inversiones global de 1,4 billones de dólares, a partir del 1 de mayo de 2025. Chappuis, anteriormente co-director de Morgan Stanley Investment Management, sucederá a David Hunt, quien se retirará después de un exitoso mandato de 13 años, pero permanecerá como presidente hasta el 31 de julio de 2025 para garantizar una transición fluida. Bajo el liderazgo de Hunt, los activos bajo gestión de PGIM crecieron de 619 mil millones a 1,4 billones, con una expansión significativa en el Reino Unido, Europa y Japón. Chappuis aporta casi 30 años de experiencia en gestión de inversiones y reportará a Andrew Sullivan, jefe de Negocios Internacionales y Gestión de Inversiones Global.

프루덴셜 파이낸셜은 2025년 5월 1일부터 PGIM의 새로운 회장 겸 CEO로 Jacques Chappuis를 임명했습니다. Chappuis는 이전에 모건 스탠리 투자 관리의 공동 책임자였으며, 13년의 성공적인 임기를 마치고 은퇴하는 David Hunt를 대신하게 됩니다. Hunt는 2025년 7월 31일까지 의장직을 유지하여 원활한 전환을 보장할 것입니다. Hunt의 리더십 하에 PGIM의 관리 자산은 6190억 달러에서 1조 4000억 달러로 증가했으며, 영국, 유럽 및 일본에서 상당한 확장을 이뤘습니다. Chappuis는 거의 30년의 투자 관리 경험을 가지고 있으며, 국제 사업 및 글로벌 투자 관리 책임자인 Andrew Sullivan에게 보고할 것입니다.

Prudential Financial a nommé Jacques Chappuis nouveau président et CEO de PGIM, son activité de gestion d'investissements mondiale de 1,4 trillion de dollars, à compter du 1er mai 2025. Chappuis, ancien co-directeur de Morgan Stanley Investment Management, succédera à David Hunt, qui prendra sa retraite après un mandat réussi de 13 ans, mais restera président jusqu'au 31 juillet 2025 pour assurer une transition en douceur. Sous la direction de Hunt, les actifs sous gestion de PGIM ont augmenté de 619 milliards à 1,4 trillion, avec une expansion significative au Royaume-Uni, en Europe et au Japon. Chappuis apporte près de 30 ans d'expérience dans la gestion d'investissements et fera rapport à Andrew Sullivan, responsable des Activités Internationales et de la Gestion des Investissements Globale.

Prudential Financial hat Jacques Chappuis zum neuen Präsidenten und CEO von PGIM, dem globalen Investmentmanagementgeschäft mit einem Volumen von 1,4 Billionen Dollar, ernannt, mit Wirkung zum 1. Mai 2025. Chappuis, zuvor Co-Leiter von Morgan Stanley Investment Management, wird David Hunt nachfolgen, der nach einer erfolgreichen 13-jährigen Amtszeit in den Ruhestand geht, aber bis zum 31. Juli 2025 als Vorsitzender bleibt, um einen reibungslosen Übergang zu gewährleisten. Unter Hunts Leitung wuchsen die verwalteten Vermögenswerte von PGIM von 619 Milliarden auf 1,4 Billionen Dollar, mit einer erheblichen Expansion im Vereinigten Königreich, in Europa und Japan. Chappuis bringt fast 30 Jahre Erfahrung im Investmentmanagement mit und wird an Andrew Sullivan, den Leiter der Internationalen Geschäfte und des Global Investment Management, berichten.

Positive
  • Assets under management grew significantly from $619 billion to $1.4 trillion under Hunt's leadership
  • Successful expansion into UK, Europe, and Japan markets
  • Integration of new capabilities in private equity secondaries
  • Expansion of expertise in private credit
Negative
  • None.
  • Jacques Chappuis, formerly co-head of Morgan Stanley Investment Management, will lead PGIM, Prudential Financial, Inc.’s global asset management business, effective May 1, 2025
  • Chappuis will lead PGIM’s next chapter of growth across public and private markets capabilities
  • David Hunt will retire as president and CEO of PGIM and stay on as chairman until July 31, 2025 to ensure a smooth transition
  • Over his successful 13-year tenure, Hunt led PGIM’s significant growth and international expansion

NEWARK, N.J.--(BUSINESS WIRE)-- Prudential Financial, Inc. (NYSE: PRU) announced the appointment of Jacques Chappuis as president and CEO of PGIM, its $1.4 trillion global investment management business, effective May 1, 2025.

Jacques Chappuis has been appointed president and CEO of PGIM, the <money>$1.4 trillion</money> global investment management business of Prudential Financial, Inc., effective May 1, 2025. (Photo: Business Wire)

Jacques Chappuis has been appointed president and CEO of PGIM, the $1.4 trillion global investment management business of Prudential Financial, Inc., effective May 1, 2025. (Photo: Business Wire)

Chappuis will report to Andrew Sullivan, head of International Businesses and Global Investment Management for Prudential Financial, Inc. Chappuis succeeds David Hunt, who will retire as president and CEO and stay on as chairman of PGIM until July 31, 2025, remaining actively involved throughout the transition period.

“Under David’s leadership, PGIM has grown to become one of the premier global asset managers in the world, well known for its public and private markets investment expertise, with assets under management growing to $1.4 trillion from $619 billion since David joined the firm in 2011,” said Sullivan.

“David has overseen PGIM’s impressive expansion in the U.K., Europe and Japan, as well as the integration of new capabilities such as private equity secondaries and the expansion of expertise in existing asset classes, including private credit. His contributions and commitment to culture have also led to PGIM being recognized as a Best Place to Work in Money Management by Pensions & Investments for several years. We are grateful to David for his 13 years of service to PGIM. He leaves an indelible impression on PGIM’s legacy.”

LEADING PGIM’S NEXT CHAPTER OF GROWTH

With nearly 30 years of investment management experience, Chappuis joins PGIM from Morgan Stanley, where he was most recently co-head of Morgan Stanley Investment Management (MSIM). At MSIM, he played a key role in the transformative and successful integration of Eaton Vance.

“Jacques is well known for his deep commitment to clients, his leadership in acquisitions, and breadth of expertise across public and private market solutions. We know that he is the right person to lead PGIM’s next chapter of growth,” said Sullivan. “Over the last decade, PGIM has meaningfully expanded its third-party asset management business. Jacques’ expertise will allow us to identify opportunities to accelerate our continued growth through new markets, innovative products, and comprehensive solutions across a wide range of asset classes. I look forward to working with Jacques to lead one of the key growth engines of Prudential.”

“I’m proud to become PGIM’s next president and CEO, leading an incredible team through its next chapter of growth,” said Chappuis. “PGIM’s expertise and capabilities across public and private markets reinforces its commitment to meeting clients’ differentiated long-term investment needs, and I look forward to building upon the firm’s successes.”

ABOUT JACQUES CHAPPUIS

Jacques Chappuis was most recently the co-head of MSIM and a member of the Morgan Stanley Management Committee. From 2006 to 2013, he held senior leadership roles in Morgan Stanley’s Investment Management and Wealth Management businesses, including head of Morgan Stanley Alternative Investment Partners, before joining The Carlyle Group as head of Investment Solutions. Chappuis returned to Morgan Stanley in 2016, where he served as global head of Distribution and co-head of the Solutions and Multi-Asset Group for MSIM before his latest role.

Prior to his experience at Morgan Stanley, Chappuis was head of Alternative Investments for Citigroup’s Global Wealth Management Group. In earlier roles, he was a managing director at Citigroup Alternative Investments, the firm’s proprietary alternative investment unit; a consultant at the Boston Consulting Group; and an investment banker at Bankers Trust Company.

He received his B.A. in finance from Tulane University and an MBA from Columbia Business School. He is a member of the New York Board of Advisors of Teach For America and a board member of Centro para la Nueva Economia, a Puerto Rico-based think tank focused on policy matters related to the island’s economy.

ABOUT PGIM

PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU). In 42 offices across 19 countries and jurisdictions, our more than 1,400 investment professionals serve both retail and institutional clients around the world.

As a leading global asset manager with $1.4 trillion in assets under management,* PGIM is built on a foundation of strength, stability, and disciplined risk management. Our multi-affiliate model allows us to deliver specialized expertise across key asset classes with a focused investment approach. This gives our clients a diversified suite of investment strategies and solutions with global depth and scale across public and private asset classes, including fixed income, equities, real estate, private credit, and other alternatives. For more information visit pgim.com.

ABOUT PRUDENTIAL

Prudential Financial, Inc. (NYSE: PRU) (PFI), a global financial services leader and premier active global investment manager with approximately $1.6 trillion in assets under management as of Sept. 30, 2024, has operations in the United States, Asia, Europe, and Latin America. PFI’s diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security. PFI’s iconic Rock symbol has stood for strength, stability, expertise and innovation for nearly 150 years. For more information please visit news.prudential.com.

*As of Sept. 30, 2024.

FORWARD-LOOKING STATEMENTS

Certain of the statements included in this release, including those regarding PGIM’s potential growth, constitute forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on management’s current expectations and beliefs concerning future developments and their potential effects upon Prudential Financial, Inc. and its subsidiaries. Prudential Financial, Inc.’s actual results may differ, possibly materially, from expectations or estimates reflected in such forward-looking statements. Certain important factors that could cause actual results to differ, possibly materially, from expectations or estimates reflected in such forward-looking statements can be found in the “Risk Factors” and “Forward-Looking Statements” sections included in Prudential Financial, Inc.’s Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. The forward-looking statements herein are subject to the risk, among others, that we will be unable to execute our strategy because of market or competitive conditions or other factors. Prudential Financial, Inc. does not undertake to update any particular forward-looking statement included in this document.

MEDIA CONTACT:

Alyssa McMahon, +1 973-204-5808, alyssa.mcmahon@pgim.com

Source: Prudential Financial, Inc.

FAQ

When will Jacques Chappuis become CEO of PGIM (PRU)?

Jacques Chappuis will become president and CEO of PGIM effective May 1, 2025.

How much are PGIM's assets under management in 2024?

PGIM manages $1.4 trillion in global assets.

How long did David Hunt serve as PGIM's CEO?

David Hunt served as PGIM's president and CEO for 13 years, joining the firm in 2011.

What was Jacques Chappuis's previous role before joining PGIM?

Jacques Chappuis was previously co-head of Morgan Stanley Investment Management (MSIM).

Prudential Financial, Inc.

NYSE:PRU

PRU Rankings

PRU Latest News

PRU Stock Data

44.16B
355.32M
0.16%
59.5%
1.59%
Insurance - Life
Life Insurance
Link
United States of America
NEWARK