US asset manager giant PGIM is in the process of launching sterling share classes for ten sub-funds in its UCITS range, with plans to double the number of products available to the European retail market over the next 18 months.
The group, which has over $1trn in AUM and is the 11th largest asset manager in the world by assets, announced plans to bring funds to the UK and Europe earlier this year, as it rebranded from Pramerica Investment Management to PGIM. Investment Week revealed Charlie Wilson (pictured), former head of UK retail at Investec Asset Management, was hired as senior vice president overseeing the expansion of the group's UCITS platform to distributors in Europe, based in London. Although some of the funds have been launched under the UCITS platform since 2013, it is only now the group has begu...
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