Morgan Stanley Veteran to Lead PGIM

David Hunt to Take Over as PGIM President and CEO

Princeton, NJ-based PGIM, the global investment management business of Prudential Financial, has announced the appointment of David Hunt as its new president and CEO.

Hunt, a 30-year veteran of Morgan Stanley, will succeed David O'Malley, who is retiring after ten years at the helm of PGIM. Hunt will join PGIM on September 12 and assume his new role on October 1.

Hunt's Background and Experience

Hunt has a wealth of experience in investment management and leadership roles. He most recently served as head of Morgan Stanley's global fixed income division and head of strategy for the firm's Institutional Securities Group.

Before joining Morgan Stanley in 1993, Hunt worked at Bankers Trust Company and Goldman Sachs. He holds a bachelor's degree in economics from the University of Pennsylvania's Wharton School and an MBA from New York University's Stern School of Business.

Outlook for PGIM Under Hunt's Leadership

PGIM has over $1.4 trillion in assets under management and serves clients in more than 40 countries. Under Hunt's leadership, PGIM aims to continue its growth trajectory and enhance its position as a leading global investment manager.

Hunt's appointment is seen as a positive step for PGIM, and he is expected to bring his expertise and strategic vision to the role. His deep understanding of the investment market and commitment to innovation make him well-suited to lead PGIM in the years ahead.