MutualFundWire.com: Stuart Parker Adds a Cap Group Vet to His C-Suite

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Tuesday, October 29, 2019

Stuart Parker Adds a Cap Group Vet to His C-Suite

Stuart Parker recently hired a Capital Group veteran for a key role, after making another key hire and two key promotions earlier this year.

Raymond Ahn
PGIM Investments
Global Chief Marketing Officer

Today Park, president and CEO of PGIM Investments, confirms that Ray Ahn has joined the mutual fund firm as global chief marketing officer. Newark, New Jersey-based PGIM Investments is the manufacturing and distribution arm of PGIM, Prudential Financial's asset management business.

Ahn most recently served as vice president of marketing at Cap Group, focusing on fixed income marketing. Ahn's old duties are now covered by Will McKenna, vice president of marketing, Cap Group spokesman Tom Joyce tells MFWire.

Indy Reddy
PGIM Investments
Global Chief Technology and Operations Officer

Scott Benjamin, executive vice president and head of product and marketing at PGIM Investments, hired the firm's first global CMO two years ago. Benjamin did not immediately return a call for comment on Ahn's appointment.

Meanwhile, today Parker also highlighted the hiring of global chief technology and operations officer Indy Reddy, who joined PGIM Investments several months ago after leading Softcom Digital as founder and CEO.

James Joseph Devaney, Jr.
PGIM Investments
Senior Vice President, U.S. Head of Distribution

And Parker also trumpeted the promotions, earlier this year, of two current PGIM Investments leaders. Senior vice president Jim Devaney now serves as U.S. head of distribution, which includes both U.S. intermediary sales and U.S. national accounts. Meanwhile, executive vice president Kimberly LaPointe (DiPaola), formerly head of global accounts, now fills the newly created role of head of PGIM Investments International and is based in London.

Kimberly DiPaola LaPointe
PGIM Investments
Executive Vice President, Head of PGIM Investments International

Ahn, an alumnus of Columbia University, joined Cap Group in 2013. Prior to that he worked with ProShares, T. Rowe, BlackRock, FleishmanHillard, and Alan Towers Associates.

Reddy, an alumnus of Osmania University and an adjunct professor at Rider University, previously held leadership positions at Citi's private bank. Prior to that he worked with Deutsche Bank, Credit Suisse, and TCS.

PGIM now has $1.3 trillion in AUM, including $115 billion in PGIM Investments mutual fund AUM.

Printed from: MFWire.com/story.asp?s=60437

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