Prudential Fixed Income adds Japan business to global platform
Prudential Investment Management Japan has become part of Prudential Fixed Income’s global organisation.
Prudential Fixed Income is a fixed income asset management and advisory business of Prudential Financial.
PIMJ, a registered Japanese investment management and advisory company that was formerly part of Prudential’s international investment business, has been the company’s platform for conducting asset management business in Japan and will continue to be a critical part of its business in Asia. As part of the transfer, effective 1 May, Yasuhisa Nitta, head of PIMJ, now reports to James Sullivan (pictured), senior managing director and head of Prudential Fixed Income.
PIMJ, which manages assets for Prudential’s Japanese insurance operations, institutional investors and investment trust funds, has been focused on providing broad investment capabilities of Prudential Fixed Income to Japanese institutional investors. Existing product lines include a domestic yen fixed income actively managed product, as well as domestic and foreign credit products.
“As a critical part of our business in Japan, PIMJ will now benefit from the stability of our global fixed income platform as it expands and improves its capabilities,” Sullivan says. “Both businesses will be able to leverage their combined resources across investment management, credit research, infrastructure and marketing as we further grow our global business.”
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