PGIM has appointed Murray Brewer as head of institutional relationship group (IRG) for Australia and New Zealand, effective March 1. Based in Sydney, he is responsible for leading the firm’s growth plans and continued expansion of its institutional client base throughout the region.
Since establishing its local presence in 2011, PGIM Australia has seen significant growth in its institutional business, as it offers asset owners in the region diversified investment solutions across a multitude of asset classes in the public and private markets.
The Australian team has grown to include 24 employees, with capabilities that include debt financing to Australian and New Zealand corporations through PGIM Private Capital as well as real estate private equity and debt through PGIM Real Estate.
Brewer leads an experienced client-facing team that partners with chief investment officers of major institutions and senior fiduciary decision-makers to solve their investment challenges. He will develop and implement an institutional client strategy and work closely with all PGIM business units to bring its full suite of capability to Australian institutional investors – from fixed income, equity, quantitative investing and real estate to alternatives. He reports to Philip Hsin, head of IRG Asia-Pacific (ex-Japan).
Brewer has more than 30 years of experience in Australia’s investment management industry. Prior to joining PGIM, he was country head of Australia for Capital Group. He also spent 14 years as country head of distribution for Australia and New Zealand for T. Rowe Price.
Before that, he was director and head of distribution for Australia at Schroders Investment Management. He also previously worked at AMP Asset Management, Lloyds Bank, and Westpac Financial Services.
PGIM is the global asset management business of New York-listed Prudential Financial with more than US$1.2 trillion in AUM as of December 31 2022.