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PGIM Investments targets German market

Ucits product suite of asset management arm of US life insurance company Prudential Financial totals about €2.6bn AUM


David Robinson

US asset manager PGIM Investments is targeting the German market as it seeks to expand its distribution footprint in Europe.

The firm has hired as vice president Thiemo Volkholz (pictured) who will be based in Frankfurt and focused on growing the firm’s presence with global, regional and local banks and financial intermediaries throughout the region.

Together with Cvjetko Zecevic, hired as assistant vice president, the team will market PGIM’s asset management capabilities including PGIM funds.

PGIM Investments – formerly Prudential Investment Management – is the asset management arm of US life insurance company Prudential Financial.

The hires mark PGIM Investment’s second dedicated team in Europe, with plans to add two additional regional teams in Europe by early 2019, the group said.

The team will report to Kimberly LaPointe, executive vice president and head of global accounts.

“These experienced professionals will help us establish a strong foothold in the important German markets to meet global client needs,” LaPointe said.

PGIM Investments’ growth outside the US is focused on its Ucits product suite launched in 2013, which totals about €2.6bn in assets under management and is registered for sale across Europe, with 26 funds domiciled in Ireland.

Both Volkholz and Zecevic join the firm from Capital Group, where Volkholz was a managing director responsible for relationships with banks, wealth managers and multi-family offices.