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PGIM Builds a $1 Trillion Credit Unit in New CEO’s Overhaul

Markets

Alexandre Rajbhandari, Silla Brush

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June 24, 2025

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Bloomberg

PGIM, Inc. is merging its public fixed-income and private-credit teams to create a unit with almost $1 trillion of assets as part of new Chief Executive Officer Jacques Chappuis’s reboot plan.

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