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US$1.5T investment manager seeks to tap Australia wealth market with senior hire

PGIM, the US$1.5 trillion global investment management arm of Prudential Financial, has expanded its presence in Australia with the appointment of a new head of its wealth business. Based in Sydney, Benjamin Price will be responsible for developing and implementing PGIM’s wealth management distribution strategy to provide investment solutions to the Australian intermediated wholesale advice market. That market includes private…

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