Former Investec Asset Management head of UK retail Charlie Wilson has joined Pramerica Investment Management in its London office as the firm looks to expand into the UK.
Having left Investec in April, Mr Wilson joined the US group to “lead the expansion of Ucits funds through distributors in the UK and Europe”, Pramerica said.
Pramerica, a $947bn (£622bn) investment manager owned by US insurance giant Prudential Financial, is to rebrand its operations outside of the US to PGIM on January 4 2016, it announced last month. The firm said this would coincide with a global expansion.
The multi-boutique company is primarily known for fixed income and real estate.
It said the new brand would lead to an expansion of its product range, focusing in part on multi-asset funds. The firm will create a new entity called PGIM Funds to deal with UK and European clients.
Pramerica added the new entity would allow the firm to “build beyond” its existing fixed income Ucits offering.
At the time of the rebrand announcement, chief executive David Hunt said: “The PGIM name represents our scale and our conviction to deliver time-tested, long-term solutions and outcomes for institutional and retail investors.”
Mr Wilson left Investec this spring after five years with the firm, initially as head of UK retail. Prior to this he worked in retail distribution roles at Lazard and Morgan Grenfell.