Top firm seeks money managers

Prudential Financial, the life insurer that recruited money managers from BlackRock and Goldman Sachs, is seeking additional hires to bolster its investments business.

'We continue to want to expand through the acquisition of talent', David Hunt, chief executive officer of Prudential Investment Management, said today at a presentation. 'Our preferred mode of growth absolutely is individuals or, on occasion, team lift-out'.

Bloomberg News reports that Prudential, which has more than $1.1tril under management, said that it is poised to benefit from globalization of the investor base and the interest from clients in more strategies. Hunt’s unit added more than 40 middle- and senior-management positions since last year, according to a slide show on Prudential’s website.

To access the complete Bloomberg News article hit the link below:

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