News Column

Prudential Fixed Income expands European Leveraged Finance team

June 30, 2014



NEWARK, N.J.--(BUSINESS WIRE)-- Prudential Fixed Income has named Arvinder Chowdhary a principal and portfolio manager for its European Leveraged Finance team, the company announced today. Prudential Fixed Income, among the largest U.S. fixed income managers, is a business of Prudential Financial, Inc. (NYSE:PRU).

Chowdhary, whose appointment is effective immediately, will focus on European high yield portfolios, reporting to Jonathan Butler, managing director and head of European Leveraged Finance.

ďArvinderís extensive experience in European credit, along with his familiarity with large global asset management organizations, broadens the expertise we offer clients as we expand our global credit business,Ē said James Sullivan, head of Prudential Fixed Income. The companyís global leveraged finance desk manages U.S. and European high yield and bank loan debt, with team members based in Newark, N.J., and London.

Chowdhary most recently served as a research analyst/portfolio manager at Western Asset Management in London working within European high yield. He was involved in managing the European high yield assets within the global high yield and global multi-strategy portfolios. Before Western Asset Management, he was a director and head of European credit research for Citigroup Asset Management and worked in London and New York. He began his career in corporate ratings and credit risk analysis for CRISIL (Indian subsidiary of Standard & Poorís), where he spent five and a half years.

Chowdhary has a bachelorís degree in industrial engineering from the University of Delhi in India, a master of science degree in financial engineering from the University of Michigan, and an MBA in finance from XLRI Business School in India.

Prudential Fixed Income, with $418 billion in assets under management as of March 31, 2014, offers institutional investors needs-based solutions across all fixed income markets, with a focus on credit strategies and liability-driven investing. Prudential Fixed Income has portfolio management and research teams in Newark, N.J.; London and Singapore. For more information, please visit http://www.prudentialfixedincome.com.

Prudential Financial, Inc. (NYSE: PRU), a financial services leader with more than $1.1 trillion of assets under management as of March 31, 2014, has operations in the United States, Asia, Europe, and Latin America. Prudentialís diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. In the U.S., Prudentialís iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit http://www.news.prudential.com.



Prudential Financial, Inc.

Theresa Miller, 973-802-7455

theresa.miller@prudential.com

Source: Prudential Financial, Inc


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