NEWARK, N.J.--(BUSINESS WIRE)--
Prudential Fixed Income has expanded its emerging markets team and hired
Matthew C. Duda, naming him a principal and emerging markets debt
portfolio specialist, the company announced today. Prudential Fixed
Income, among the largest U.S. fixed income managers, is a business of
Prudential Financial, Inc. (NYSE:PRU)
Duda, whose appointment is effective immediately, has more than 20 years
of investment experience, primarily in emerging markets. He reports to
David Bessey, managing director and head of emerging markets debt. The
emerging markets debt team managed approximately $28 billion as of March
ďMattís deep experience and global perspective in emerging markets is a
welcome addition to our existing team. Heíll bring tremendous value to
our clients, consultants and prospects who are considering investment
opportunities within emerging markets debt,Ē said James Sullivan, head
of Prudential Fixed Income.
Before joining Prudential, Duda was a portfolio manager at Western Asset
Management, where he was part of a team that managed more than $50
billion across institutional, retail, closed-end and ETF mandates. While
at Western Asset Management, he also served as chairperson of the
Western Asset Global Emerging Markets Credit Committee, and was a member
of its Broad Market Strategy Committee and its Global Credit Committee,
which set broad sector strategies across multiple global mandates.
Earlier, he was a vice president and investment strategist for Credit
Suisse First Boston, and held a variety of research roles at UBS, Lehman
Brothers and Merrill Lynch.
Duda has a bachelorís degree in economics from the University of
Illinois Urbana-Champaign and a masterís degree in economics from New
York University. He holds the Chartered Financial Analyst designation.
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 www.news.prudential.com.
Source: Prudential Financial, Inc.