Prudential Financial Inc. announced Friday that the firm has appointed Jacques Chappuis, current co-head of Morgan Stanley Investment Management, as president and CEO of Prudential’s asset management business, PGIM Inc.
Chappuis’ appointment is effective May 1, 2025, and he will succeed David Hunt, who has been president and CEO of the $1.4 trillion asset manager since 2011. Hunt will retire in May and stay on as chairman until July 31 to ensure a smooth transition.
Chappuis will report to Andy Sullivan, Prudential Financial’s executive vice president and head of international business and global investment management.
“Jacques is well known for his deep commitment to clients, his leadership in acquisitions, and breadth of expertise across public and private market solutions,” Sullivan said in a statement. “We know that he is the right person to lead PGIM’s next chapter of growth.”
Chappuis has held the title of co-head of MSIM for almost a year. He was the global head of distribution and co-head of solutions and multi-strategy at MSIM between 2016 and 2023 and was also previously the head of investment solutions at the Carlyle Group.
“I’m proud to become PGIM’s next president and CEO, leading an incredible team through its next chapter of growth,” Chappuis said in a statement. “PGIM’s expertise and capabilities across public and private markets reinforce its commitment to meeting clients’ differentiated long-term investment needs, and I look forward to building upon the firm’s successes.”
Chappuis earned a bachelor of science degree from Tulane University and an MBA from Columbia Business School.
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Tags: Andy Sullivan, David Hunt, Jacques Chappuis, PGIM, Prudential