Office address: 655 Broad St., Newark, NJ 07102
Website: pgim.com
Year established: 1875
Company type: financial services
Employees: 3,300+
Expertise: fixed income, equities, real estate, private credit, alternatives, multi-asset solutions, quantitative strategies, ETFs, defined contribution, mutual funds, retirement solutions, separately managed accounts
Parent company: Prudential Financial, Inc.
Key people: Jacques Chappuis (CEO), Jurgen Muhlhauser (CFO), Ken Poliziani (CMO), Anina Fraser (chief strategy officer), Emily Garbaccio (chief communications officer), Kenneth Moore and Cathy Marcus (affiliate heads)
Financing status: corporation
PGIM (Prudential Global Investment Management) operates as Prudential Financial’s global asset manager from its Newark headquarters. The company provides fixed income, equities, real estate, alternatives, and multi-asset solutions to clients worldwide. It manages $1.5 trillion in assets through 41 offices across 19 countries as of September 2025.
The firm began in 1875 as part of Prudential Financial, based in Newark. It started as an insurance company and later grew its asset management operations over the decades.
In 2016, the firm rebranded from Prudential Investment Management to PGIM to unify its global presence.
Prudential Global Investment Management grew by launching specialized affiliates over the span of nearly a century. These units now form the backbone of the firm’s multi-affiliate structure.
The firm continued to expand its capabilities to meet changing client demands over time. Today, this multi-affiliate model allows Prudential Global Investment Management to offer specialized expertise across fixed income, equities, real estate, and alternatives.
The company has long paired its investment work with original research to guide clients through market shifts as well. In 2025, it partnered with SHOOK Research to study how financial advisors handle volatility in high-net-worth portfolios.
The study found that 86 percent of advisors now view direct indexing as a key tool for tax efficiency and customization. This kind of research reflects how the firm supports advisors and institutions with data-driven insights across market cycles.
Prudential Global Investment Management offers investment strategies across public and private markets through its multi-affiliate model:
Prudential Global Investment Management also provides defined contribution solutions, liability-driven investing, and ESG-integrated strategies. The firm serves both institutional and retail clients through its global distribution network.
PGIM states that it embraces change through technology and tailored rotational programs for employees. Employees note that the firm helps connect personal passion with work and provides tools for growth. In support of this, it outlines its core values as:
Prudential Global Investment Management offers competitive pay and flexible remote work options. The company also seeks employee input to shape benefits based on regional needs. Benefits include:
The firm also emphasizes inclusion, stating that diverse perspectives drive better client outcomes. PGIM reports that 53 percent of employees and 41 percent of senior leaders come from underrepresented groups.
Jacques Chappuis is president and CEO of PGIM and has more than 25 years in financial services. He previously co-headed Morgan Stanley Investment Management and led alternative investments at Citigroup. Chappuis earned a BA in finance from Tulane University and an MBA with honors from Columbia Business School.
Chappuis leads Prudential Global Investment Management with a team of executives across its global affiliates:
PGIM supports employees through its global network and development resources. The firm offers learning, networking, and growth opportunities at each career stage.
The company is looking ahead as demand for private markets grows among retail and institutional clients. In 2025, PGIM’s Cathy Marcus sat down with InvestmentNews and said that private real estate should outperform in 2026. She cited the firm’s 55-year track record and its focus on seniors, student, and affordable housing.
In the retail space, the company is also expanding its ETF lineup to serve investors nearing or in retirement. In 2026, George Patterson told InvestmentNews that buffer ETFs help protect portfolios from large drawdowns.
Patterson noted that these products are among the fastest growing in the market as more investors seek defined outcomes. This positions Prudential Global Investment Management to capture rising demand in the retirement and wealth management space.
Constructed from its recently launched target maturity bond ETFs, the asset manager's low-cost BondBuilder portfolio suite offers a perpetual, auto-rebalancing ladder structure built for scale.
Customization and private markets reshape high-net-worth portfolio strategy.
Vanguard's latest launches, focused on after-tax returns and higher yields for clients, reflect a broader industry shift as advisors seek streamlined, diversified bond strategies.
The AAA-rated collateralized loan obligation ETF space is getting crowded. ETF sponsors have been building out products focused on lower credit ratings, with the potential for higher yields.
The RIA giant welcomes a veteran with more than 20 years' experience, including time supporting JPMorgan's First Republic integration, as Prudential Financial selects a leader from its own ranks.
Amid record-breaking year for launches, demand for municipal bond ETFs is growing as investors put a premium on tax efficiency and transparency.
The president-elect's campaign promises on taxes, tariffs, and immigration have yet to spark a response from fixed income investors looking to enforce fiscal discipline.
Bruce Phelps, managing director, Institutional Advisory & Solutions Group at PGIM, sits down with InvestmentNews anchor Gregg Greenberg to highlight the new sources of risk facing CIOs heading into 2025, as well as the growth of infrastructure investing.
Money has been pouring into actively managed ETFs and out of active mutual funds, but the future for the products, including semi-transparent ones, is hardly certain.
The Jack Bogle-founded fund giant is bolstering its fixed-income shelf with actively managed municipal bond strategies.
The New York-based asset manager is the latest to join the booming $131B muni ETF space.
Most people don't plan bequests and many unnecessarily cut back on discretionary spending in retirement, according to a paper from an industry group.
The mutual fund giant’s move to adopt Vanguard’s dual-class model puts it in the running with other asset managers looking for a stake.
Equity smart-beta ETFs have raked in nearly $48B so far this year as money managers look to spread their exposures or ride the biggest winners.
The asset-allocation solutions are designed to address investors’ varying risk tolerances and retirement income needs.
