Strategy

Prudential Moves Japan Fixed Income Arm To Global Network

Vanessa Doctor Asia Correspondent June 11, 2013

Prudential Moves Japan Fixed Income Arm To Global Network

Prudential Fixed Income, the fixed income asset management and advisory arm of US-headquartered Prudential Financial, has strengthened its Asian presence with the addition of its Japan business to its global organisation.

Prudential Investment Management Japan is a Japanese investment management and advisory firm that used to be part of Prudential's international investment business. In joining the company's global platform, PIMJ continues to be a critical part of its Asian operations. Its head, Yasuhisa Nitta, now reports to James Sullivan, senior managing director and head of Prudential Fixed Income.

"PIMJ will now benefit from the global platform as it expands and improves its capabilities. 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," said Sullivan in a statement.

Prudential Fixed Income has some $400 billion in assets under management as of 31 March 2013. while its parent, Prudential Financial, records at least $1 trillion in AuM as of the same date.

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