Morrison Joins PGIM Real Estate to Lead European Growth
Investor - People | May 07, 2025 | PGIM Inc
PGIM Real Estate, a leader in global real estate investment management with $206 billion in assets under management, has appointed a new head of core strategies to drive its European growth. This appointment follows a series of strategic promotions aimed at strengthening the firm's European team, highlighting its commitment to investing in the region's real estate market. PGIM Real Estate, part of PGIM Inc., which is the asset management business of Prudential Financial, Inc., operates through a network of investment professionals based in 35 cities globally. The company focuses on dynamic expertise, opportunity creation, and capital deployment while maintaining sustainable practices. PGIM Inc. manages $1.39 trillion in assets and aims to offer diversified investment strategies across key asset classes, reinforcing its stature as a stable and disciplined risk manager. The appointment underscores PGIM's ongoing expansion in Europe, enhancing its strong global investment platform.
Sectors
- Real Estate Investment Management
- Asset Management
Geography
- Europe – The article discusses PGIM Real Estate's strategy to grow its presence and operations in the European market.
- United States – PGIM and its parent company, Prudential Financial, Inc., are based in the United States, with a significant portion of their operations and assets managed from there.
Industry
- Real Estate Investment Management – The article highlights PGIM Real Estate's focus on growing its investment management services, particularly emphasizing expansion in the European market.
- Asset Management – PGIM's wide range of assets under management and its global operations underline its role in asset management, providing investment strategies across various asset classes.
Financials
- 206 billion USD – Total gross assets under management and administration by PGIM Real Estate.
- 1.39 trillion USD – Total assets under management by PGIM Inc.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| PGIM Real Estate | Target company | Company | A leading real estate investment manager focused on expanding its European strategies. |
| PGIM Inc. | Parent company | Company | The global asset management business of Prudential Financial, Inc., managing a diversified range of assets. |
| Prudential Financial, Inc. | Parent company | Company | A major American company providing financial services and asset management through PGIM. |
| Morrison | New Head of Core Strategies | Person | Recently appointed to lead PGIM Real Estate's European growth initiatives. |
| Shaun Hose | Head of UK Equity | Person | Promoted to head of UK Equity earlier, exemplifying the firm's focus on strengthening its European team. |