PGIM has appointed Sun Hao as head of its institutional relationship group for China with a focus on building brand recognition and deepening relationships with the top decision makers in Chinese banks, pension plans and insurance companies.
In the newly-created role, based in Shanghai, he would report to Philip Hsin, head of PGIM’s institutional relationship group in Asia Pacific, ex-Japan.
Sun was most recently general manager for Legg Mason’s Shanghai operations and had previously held institutional client coverage and business development roles at AllianceBernstein, Amundi, PIMCO, and ING Bank.
David Hunt, PGIM chief executive, said China was a key strategic priority for PGIM and they were positioned to meet the evolving needs of that client base.
“As part of PGIM’s long-term commitment to the Chinese market, Sun’s appointment will deepen our existing client relationships, while also identifying new opportunities,” Hunt said.
PGIM currently operated in China through several of its wholly-owned affiliates, as well as holding several local retail and institutional clients in China since 2004 through Everbright PGIM Fund Management Co, a joint venture with Everbright Securities in Shanghai.