Jacques Chappuis to Lead PGIM as New President and CEO

Prudential Financial, Inc. has appointed Jacques Chappuis as the new president and CEO of its global asset management business, PGIM, effective from May 1, 2025. Chappuis, who previously served as the co-head of Morgan Stanley Investment Management, will succeed David Hunt. Hunt, who has been instrumental in PGIM's growth over his 13-year tenure, will retire but stay on as chairman until July 31, 2025, to ensure a smooth transition. Under Hunt's leadership, PGIM has expanded significantly across public and private markets globally, with its assets under management growing from $619 billion to $1.4 trillion. David has also successfully led PGIM's international expansion, notably in the U.K., Europe, and Japan, and integrated new investment capabilities like private equity secondaries. Andrew Sullivan, head of International Businesses and Global Investment Management for Prudential Financial, will oversee Chappuis, ensuring the continuity of PGIM's trajectory as a leading global asset manager.