Prudential Financial Names Jacques Chappuis as Incoming CEO of PGIM

Prudential Financial has announced that Jacques Chappuis, former co-head of Morgan Stanley Investment Management, will assume the role of chief executive officer of PGIM on May 1, 2025. Chappuis will succeed David Hunt, the current CEO, who will be retiring after a 13-year tenure in which PGIM’s assets under management grew from $619 billion to an impressive $1.4 trillion.

In his new role, Chappuis will report directly to Andrew Sullivan, head of international businesses and global investment management at Prudential Financial. Sullivan noted Chappuis’s dedication to client relationships, his leadership in acquisitions, and his extensive experience across public and private market solutions. Sullivan emphasized that Chappuis’s background would position him well to help PGIM explore new markets, develop innovative products, and offer diversified asset solutions to fuel the company’s continued growth.

The leadership transition occurs amid significant consolidation within the asset management industry as firms increasingly focus on expansion in alternative and private assets.

Chappuis expressed enthusiasm about joining PGIM, recognizing the firm’s expertise in both public and private markets as a strong foundation for meeting clients’ unique, long-term investment needs. He conveyed his eagerness to build on PGIM’s achievements and drive future successes.

Before his time at Morgan Stanley, Chappuis held senior roles at Carlyle and Citigroup, further solidifying his credentials in the investment management sector.

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