PGIM Investments is set to build out its European presence in 2021 with new fund launches and staff hires, following a strong 2020 which has seen the US-based group's staff headcount grow in the region and its UCITS assets surge.
PGIM has seen assets within its European UCITS funds swell from a total of £5bn to around £8.5bn at the end of November, according to head of PGIM Investments International Kimberly LaPointe, who primarily attributed the rise to strong inflows. In addition to a number of new hires, the business has also debuted new funds and taken the important step of joining the Investment Association, bringing 22 of its vehicles in to the IA universe. "The UK intermediary market has been an area of strength," LaPointe told Investment Week. "It is our largest intermediary market as far as client flo...
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