Prudential Financial's PGIM merging units to create $1 trillion credit platform, enhancing competitiveness

From Yahoo Finance: 2025-06-24 12:23:00

PGIM, Prudential Financial’s investment arm, will merge fixed income and private credit units to form a $1 trillion credit platform, led by John Vibert. CEO Jacques Chappuis aims to enhance competitiveness in the evolving market. Bloomberg News broke the news of PGIM’s restructuring. The company will also combine multi-asset and quantitative solutions under Phil Waldeck, managing $1.39 trillion in assets.

Read more: Prudential Financial’s PGIM to merge units into $1 trillion credit platform