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
Source: Prudential Financial, Inc