PGIM has received approval from the Dutch Authority for the Financial Markets to operate an Alternative Investment Fund Manager (AIFM) from its newly established office in the Netherlands.
The office in in Amsterdam will acts as the AIFM for its existing Irish alternative investment fund and provides investment management, marketing and distribution services in the European Union.
This newly authorised entity follows the announcement in July 2019 that PGIM Investments has established operations in Switzerland. The group also has operations in the UK, Germany, France, Ireland and Luxembourg.
David Hunt, president and CEO of PGIM, said: “The establishment of our office in Amsterdam demonstrates our long-term commitment to the region.”
PGIM’s Netherlands office recently hired Anna de Jong in the newly created role of client advisor for Benelux and the Nordics. De Jong, based in Amsterdam, reports to Sarah McMullen, head of EMEA Client Advisory Group, PGIM Fixed Income. De Jong joins Marco Boogaard and Michael Kaal, PGIM Fixed Income Netherland’s chief compliance officer and chief risk officer, respectively, in the Amsterdam office.
Previously, de Jong was the head of Benelux sales and solutions for Lombard Odier. Prior to this, she was an executive director in the Structured Solutions Group of Nomura, based in London, and held positions at Morgan Stanley and Merrill Lynch in their institutional equity divisions.
PGIM Investments is the asset management arm of US life insurance company Prudential Financial.