PGIM Multi-Asset Solutions (PMA) has appointed Mao Dong as co-head of portfolio management.
PGIM, the investment arm of insurer Prudential Financial, has US$1.3 trillion total AUM with US$17 billion in PMA.
In the role, Dong is responsible for designing and managing multi-asset portfolios for institutional clients and applying relative value views across public and private investment strategies. He shares the role with Jonathan Holt, and reports to chief investment officer Alfred Lerman.
Commenting on the appointment, PMA CEO Phil Waldeck said: “Our insurance, reinsurance and pension fund clients increasingly require complex multi-asset class portfolio construction and management. Mao’s appointment is another important milestone in building PGIM’s multi-asset solutions business to meet the needs of those clients.”
Dong has almost 15 years of industry experience at Goldman Sachs Asset Management, most recently as co-head of outsourced chief investment officer portfolio management and head of portfolio construction and manager research.
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