PGIM Fixed Income Announces New Municipal Bond Team Leader | Your money

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NEWARK, NJ – (BUSINESS WIRE) – October 18, 2021–

PGIM Fixed Income, a global asset manager providing active solutions across all fixed income markets, announced that Jason Appleson will assume the role of Head of Municipal Bonds effective January 1, 2022, upon retirement by Susan Courtney, longtime municipal bond manager.

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Jason Appleson, Head of Municipal Bonds, PGIM Fixed Income (Photo: Business Wire)

Appleson joined the company on November 1, 2021, having recently served as a portfolio manager for PT Asset Management’s five-star municipal bond fund Performance Trust (ticker: PTIMX) with assets of $ 891 million. . 1 In this role, Appleson led the construction, management, trading and research of the fund’s portfolio. Prior to PT Asset Management, he spent time at the Federal Reserve Bank of New York as a credit risk associate, as well as at AllianceBernstein as an analyst supporting the $ 30 billion municipal fund complex of the society.

“Jason brings strong municipal bond portfolio management and relative value analysis skills, as well as proven investment leadership to our municipal bond team. With significant continuous flows in the municipal category, Jason’s expertise will immediately prove invaluable to our clients who view municipal bonds as a key part of their fixed income portfolio, ”said Richard Greenwood, Chief Credit Officer. for PGIM Fixed Income.

PGIM Fixed Income currently manages over $ 31 billion 2 in municipal assets. As the Municipal Bond Team Leader, Appleson will report to Greenwood and be responsible for developing, leading and executing the investment strategy for all tax-exempt municipal bond assets. , including municipal bond mutual funds.

ABOUT PGIM FIXED INCOME

PGIM Fixed Income, with $ 954 billion in assets under management as of June 30, 2021, is a global asset manager offering active solutions across all bond markets. The company has offices in Newark, NJ, London, Amsterdam, Frankfurt, Zurich, Tokyo, Hong Kong and Singapore. For more information visit pgimfixed Income.com.

ABOUT PGIM

PGIM, the global asset management business of Prudential Financial, Inc. ( NYSE: PRU ), ranks among the 10 largest asset managers in the world 3 with $ 1.5 trillion in assets under management as of June 30, 2021. With offices in 17 countries, PGIM’s activities offer a range of solutions from investment for retail and institutional investors worldwide in a wide range of asset classes including public fixed income, private fixed income, fundamental equities, quantitative equities, real estate and alternatives . For more information on PGIM, visit pgim.com.

Prudential Financial, Inc. (PFI) of the United States is not affiliated in any way with Prudential plc, incorporated in the United Kingdom, or Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information, please visit news.prudential.com.

1 As of September 30, 2021.

2 As of June 30, 2021.

3 Prudential Financial, Inc. (PFI) is the 10th largest investment manager (out of 477 companies surveyed) in terms of global assets under management based on the Pensions & Investments list of top fund managers published on 31 May 2021. This classification represents assets under management by PFI as of 12/31/2020.

View source version on businesswire.com:https://www.businesswire.com/news/home/20211018005604/en/

CONTACT: MEDIA

Lizzie lowe

973-802-8786

[email protected] Ben Jaffe

201-207-0352

[email protected]

KEYWORD: UNITED STATES NORTH AMERICA NEW JERSEY

INDUSTRY KEYWORD: FINANCING OF PROFESSIONAL BANKING SERVICES

SOURCE: PGIM

Copyright Business Wire 2021.

PUB: 10/18/2021 09:20 / DISC: 10/18/2021 09:21

http://www.businesswire.com/news/home/20211018005604/en

Copyright Business Wire 2021.


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