Jacques Chappuis

Prudential Financial, Inc. (PFI), the US-headquartered global financial services leader, announced the appointment of Jacques Chappuis as president and chief executive officer of PGIM, its US$1.4 trillion global investment management business, effective 1st May 2025.

Chappuis will report to Andrew Sullivan, head of International Businesses and Global Investment Management for PFI. Chappuis succeeds David Hunt, who will retire as president and CEO and stay on as chairman of PGIM until 31st July 2025, remaining actively involved throughout the transition period.

“Under David’s leadership, PGIM has grown to become one of the premier global asset managers in the world, well known for its public and private markets investment expertise, with assets under management growing to US$1.4 trillion from US$619 billion since David joined the firm in 2011,” said Sullivan.

“David has overseen PGIM’s impressive expansion in the UK, Europe and Japan, as well as the integration of new capabilities such as private equity secondaries and the expansion of expertise in existing asset classes, including private credit. His contributions and commitment to culture have also led to PGIM being recognised as a Best Place to Work in Money Management by Pensions & Investments for several years. We are grateful to David for his 13 years of service to PGIM. He leaves an indelible impression on PGIM’s legacy.”

Leading PGIM’s next chapter of growth

With nearly 30 years of investment management experience, Chappuis joins PGIM from Morgan Stanley, where he was most recently co-head of Morgan Stanley Investment Management (MSIM). At MSIM, he played a key role in the transformative and successful integration of Eaton Vance.

“Jacques is well known for his deep commitment to clients, his leadership in acquisitions, and breadth of expertise across public and private market solutions. We know that he is the right person to lead PGIM’s next chapter of growth,” said Sullivan. “Over the last decade, PGIM has meaningfully expanded its third-party asset management business. Jacques’ expertise will allow us to identify opportunities to accelerate our continued growth through new markets, innovative products, and comprehensive solutions across a wide range of asset classes. I look forward to working with Jacques to lead one of the key growth engines of PFI.”

“I’m proud to become PGIM’s next president and CEO, leading an incredible team through its next chapter of growth,” said Chappuis. “PGIM’s expertise and capabilities across public and private markets reinforce its commitment to meeting clients’ differentiated long-term investment needs, and I look forward to building upon the firm’s successes.”

Jacques Chappuis was most recently the co-head of Morgan Stanley Investment Management (MSIM) and a member of the Morgan Stanley Management Committee. From 2006 to 2013, he held senior leadership roles in Morgan Stanley’s Investment Management and Wealth Management businesses, including head of Morgan Stanley Alternative Investment Partners, before joining The Carlyle Group as head of Investment Solutions. Chappuis returned to Morgan Stanley in 2016, where he served as global head of Distribution and co-head of the Solutions and Multi-Asset Group for MSIM before his latest role.

Prior to his experience at Morgan Stanley, Chappuis was head of Alternative Investments for Citigroup’s Global Wealth Management Group. In earlier roles, he was a managing director at Citigroup Alternative Investments, the firm’s proprietary alternative investment unit; a consultant at the Boston Consulting Group; and an investment banker at Bankers Trust Company.
He received his BA in finance from Tulane University and an MBA from Columbia Business School. He is a member of the New York Board of Advisors of Teach For America and a board member of Centro para la Nueva Economia, a Puerto Rico-based think tank focused on policy matters related to the island’s economy.

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Chris Andrews

La Trobe Financial, one of Australia’s best-known and most trusted alternative asset managers, has today signalled the broadening of its Asset Management operations through the launch of its Global Asset Management strategy.

This is an important milestone for the company, with La Trobe Financial CEO, Chris Andrews, highlighting that the business is leaning into its extensive global networks and private market expertise to deliver the best of the world’s investment offerings to Australian investors.

“At La Trobe Financial, we have been building the wealth of our investors for over seven decades through careful attention to quality, discipline and consistency in performance. Today, we have $18 billion in assets under management across almost 100,000 investors,^[1] including some of the world’s largest financial institutions. We remain as committed as ever to delivering a suite of the highest quality global strategies to our investors and adviser partners. These investments are unique and exclusive to La Trobe Financial and provide investors with investments that are very difficult to access”.

The announcement of the Global Asset Management strategy is headlined by the launch of the La Trobe US Private Credit strategy, a product developed in partnership with the business’ first global partner, one of the world’s largest financial institutions, Morgan Stanley, who serves as adviser to the strategy.

Andrews, provided an outline of the strategy, stating “this is a very unique investment product designed to give Australian investors access to private credit provided to the US middle market. This market is, by itself, the world’s third largest economy and is set to benefit from generational macro-tailwinds, including the “re-shoring” of global supply chains back into the US heartland. And we are pleased to be providing access to that market to Australian investors through the world’s best mid-market direct lending platform in Morgan Stanley.”

Morgan Stanley Senior Managing Director, Jacques Chappuis, spoke to the newly announced partnership between Morgan Stanley and La Trobe Financial, stating: “We are pleased to be partnering with La Trobe Financial in the launch of the La Trobe US Private Credit investment strategy. Morgan Stanley is deeply committed to the Australian market and La Trobe Financial is high-quality and a key strategic partner in bringing our world-class expertise to Australian investors.”

The La Trobe US Private Credit investment product will be backed by a defensive portfolio of directly originated, senior secured loan assets issued to US middle market companies, owned by some of the world’s largest private equity firms. The product seeks to deliver an annualised distribution yield of at least 9%^[2] per annum net of fees^[3] .

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Notes:
[1] Total investors is calculated by adding all individual & joint investors (which includes some investors with a current zero balance in their account) to reasonable estimates of investors investing via platform, trusts or SMSFs.
[2] This target yield is not a forecast, projection or prediction of the performance of the Fund. The Fund’s target yield is not and should not be seen as a statement about the Fund’s likely future performance and there is no guarantee that the performance of the Fund will achieve the target yield.
[3] This product is for wholesale investors only.

The post La Trobe Financial announces Global Asset Management strategy, launches US Private Credit Product appeared first on AdviserVoice.

Chris Andrews

La Trobe Financial, one of Australia’s best-known and most trusted alternative asset managers, has today signalled the broadening of its Asset Management operations through the launch of its Global Asset Management strategy.

This is an important milestone for the company, with La Trobe Financial CEO, Chris Andrews, highlighting that the business is leaning into its extensive global networks and private market expertise to deliver the best of the world’s investment offerings to Australian investors.

“At La Trobe Financial, we have been building the wealth of our investors for over seven decades through careful attention to quality, discipline and consistency in performance. Today, we have $18 billion in assets under management across almost 100,000 investors,^[1]

The announcement of the Global Asset Management strategy is headlined by the launch of the La Trobe US Private Credit strategy, a product developed in partnership with the business’ first global partner, one of the world’s largest financial institutions, Morgan Stanley, who serves as adviser to the strategy.

Andrews, provided an outline of the strategy, stating “this is a very unique investment product designed to give Australian investors access to private credit provided to the US middle market. This market is, by itself, the world’s third largest economy and is set to benefit from generational macro-tailwinds, including the “re-shoring” of global supply chains back into the US heartland. And we are pleased to be providing access to that market to Australian investors through the world’s best mid-market direct lending platform in Morgan Stanley.”

Morgan Stanley Senior Managing Director, Jacques Chappuis, spoke to the newly announced partnership between Morgan Stanley and La Trobe Financial, stating: “We are pleased to be partnering with La Trobe Financial in the launch of the La Trobe US Private Credit investment strategy. Morgan Stanley is deeply committed to the Australian market and La Trobe Financial is high-quality and a key strategic partner in bringing our world-class expertise to Australian investors.”

The La Trobe US Private Credit investment product will be backed by a defensive portfolio of directly originated, senior secured loan assets issued to US middle market companies, owned by some of the world’s largest private equity firms. The product seeks to deliver an annualised distribution yield of at least 9%^[2] per annum net of fees^[3].

——–

Notes:
[1] Total investors is calculated by adding all individual & joint investors (which includes some investors with a current zero balance in their account) to reasonable estimates of investors investing via platform, trusts or SMSFs.
[2] This target yield is not a forecast, projection or prediction of the performance of the Fund. The Fund’s target yield is not and should not be seen as a statement about the Fund’s likely future performance and there is no guarantee that the performance of the Fund will achieve the target yield.
[3] This product is for wholesale investors only.

The post La Trobe Financial announces Global Asset Management strategy, launches US Private Credit Product appeared first on AdviserVoice.