The investment management business of US-based Prudential Financial has expanded its European presence and entered the Swiss market.
The move comes in tandem with the firm naming Pascal Weber head of Swiss accounts. He will be based in Zurich and be responsible for growing the relationships with local, regional and global banks, as well as financial intermediaries.
Weber joins from AllianceBerstein where he was the director of financial institutions.
On the ground efforts
The executive vice president and head of PGIM Investments, Kimberly LaPointe, will relocate to London, from New York, to oversee and coordinate the firm’s international growth.
“We are proud of how our international focus for PGIM Investments has evolved over recent years and the expansion into Switzerland allows us to further strengthen our existing relationships and broaden our reach in this key market,” LaPointe said.
“Pascal is highly experienced and has developed strong relationships across a broad spectrum of Swiss clients. We are excited to have him undertaking our on-the-ground efforts in this market.”
PGIM Group has an existing presence in Switzerland.
