Prudential Financial's asset management division has hired a vice president of business development for its private alternatives business in Asia Pacific.
PGIM Private Alternatives appointed Daniel Grayling He has been appointed vice president of business development for Asia Pacific, according to a statement. In this newly created role, he will be responsible for building and managing PGIM Private Alternatives' institutional investor relationships across Asia Pacific, with a focus on Australia and Southeast Asia. Based in Sydney, Eduardo WaleyHead of Business Development, Asia Pacific, PGIM Private Alternatives.
Mr Grayling has over 15 years' experience in investment consulting and institutional distribution in public and private markets. He joins from MLC Asset Management, where he was Director of Institutional Distribution, and prior to that spent 12 years at Russell Investments, where he held roles as Head of Institutional Distribution in Australia and Global Head of ESG Distribution.
New Units
In September 2023, PGIM announced the formation of PGIM Private Alternatives, which will combine the firm's private alternatives capabilities across private credit, real estate equity and debt, private equity, and agriculture. As of March 31, 2024, the firm has $320.5 billion of private alternatives strategies under management.
“Daniel has strong market expertise and a proven track record of building relationships with institutional investors, and I am confident he will play a key role in supporting the growth of the business at a time when institutional clients continue to increase their allocations to private alternative investments,” commented Wehley.