David Hunt has been named chief executive officer of Pramerica Investment Management, the asset management arm of Prudential Financial. Effective 9 November, Hunt will assume the role from Charles Lowrey, who was promoted to chief operating officer of Prudential's US businesses in February.
As CEO, Hunt will oversee all of the asset management businesses that comprise Pramerica, including its public fixed-income, real estate, public equity, private fixed-income, mutual fund and wealth management businesses. He will be working out of the firm's Newark, New Jersey office.
“David's breadth of institutional and wealth management experience makes him a perfect fit to lead our asset management businesses,” Lowrey said in a statement. “His understanding of retirement trends, product innovation and the future of distribution and advice delivery will strengthen our current client relationships and help us build new ones.”
Prior to joining Pramerica, Hunt was a senior partner at global management consulting firm McKinsey & Company, where he was co-head of its North America asset management practice.