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PGIM Fixed Income adds senior economist for Central Europe and Middle East Submitted 22/07/2021 - 9:19am PGIM Fixed Income has hired Magdalena Polan into the newly created role of principal economist, covering the major emerging market economies in Central Europe and the Middle East, effective immediately and based in London. PGIM Fixed Income is part of PGIM, the global investment management business of US-based Prudential Financial, Inc (PFI) (NYSE: PRU) and one of the worlds top 10 asset managers with more than USD1.5 trillion in assets under management. Polan joins from Legal & General Investment Management where she was global EM economist since 2016, providing macroeconomic analysis and investment strategy for global emerging markets. Prior to that she was a senior economist, CEEMEA at Goldman Sachs, having previously worked at the International Monetary Fund as an economist in the strategy and policy review, monetary and capital markets and European departments and her work included reviewing IMF programs and policies for EM economies during the global financial crisis.
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Image source: Pasja1000 / Pixabay By Lewis Krauskopf Investors are looking to a mounting pile of cash at U.S. companies to provide support for the stock market in coming months, as executives announce plans to increase share buybacks, boost dividends or pour money back into their businesses. Cash on the balance sheets of S&P 500 companies has swelled to a record $1.9 trillion, compared to $1.5 trillion before the pandemic crisis in early 2020, according to Keith Lerner, chief market strategist at Truist Advisory Services. The cash hoard likely will be a key factor in investors calculus as second-quarter earnings season hits full swing while market participants gauge how equities respond to worries over slowing growth and a COVID-19 resurgence that sparked a rush to safe-haven Treasuries in recent days. High corporate cash balances are a nice, subtle form of market support," said Michael Purves, chief executive officer at Tallbacken Capital Advisors. With all the talk about markets getting ahead of themselves and aggressive valuations, this provides market support into 2022 and 2023. Large amounts of cash give companies flexibility to take potentially share-supportive measures, including facilitating buybacks, which boost earnings per share.
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has commented that the Credit Ratings (ratings) of Great-West Lifeco Inc. (Lifeco) and its subsidiaries remain unchanged following the July 21, 2021 announcement that its U.S. subsidiary, Empower Retirement (legally known as Great West Life & Annuity Insurance Company) has reached a definitive agreement to acquire Prudential Financial, Inc.s (Prudential) full-service retirement business for approximately CAD 4.45 billion (USD 3.55 billion). Lifeco ex
Empower Retirement is acquiring the retirement plan business of Prudential Financial for $3.55 billion.
Where plaintiffs who obtained default judgments on their claims for benefits under a retirement plan have requested $500,658.50 in counsel fees, that request should be granted but only in the amount of $250,500. Although counsel had to review each plaintiffs account at Prudential Financial (Prudential), the investment manager for the retirement plan, given the
Prudential Financial Inc has agreed to sell its full-service retirement business to Great-West Lifeco Incs U.S. unit Empower Retirement in a deal valued at C$4.45 billion ($3.51 billion), the companies said on Wednesday. The deal will expand Empowers customer base to more than 16.6 million participants, Lifeco said in a statement. It would finance the 
GREENWOOD VILLAGE, Colo. & NEWARK, N.J.--(BUSINESS WIRE)-- #401k--Empower Retirement and Prudential Financial, Inc. announce an agreement for Empower to acquire Prudentials retirement business.
No summary available.
Pestalozzi advised Prudential Financial Inc. on all Swiss law aspects of the transaction. Bär & Karrer advised the shareholders of Montana Capital Partners. PGIM, the global 
The life insurance company has bounced back in 2021 after a rough 2020.
Prudential Financial (NYSE: PRU ) has observed the following analyst ratings within the last quarter: Last 30 Days 1 Month Ago 2 Months Ago
Participating companies will evaluate the financial security and health of their employees as part of a new initiative aimed at addressing the economic hardships of workers Chipotle, Chobani, Even, Prudential Financial, Verizon, and other leading companies have joined PayPal and JUST Capital in the Worker Financial Wellness Initiative, a coalition aimed at making workers financial The post Chipotle, Chobani, Even, Prudential Financial, Verizon, and Other Leading Companies Join Forces with PayPal and JUST Capital appeared first on GlobalFinTechSeries .
The $1.5tn asset management arm of Prudential Financial has agreed to buy European private equity secondaries investor Montana Capital Partners. The post Prudential Financial arm agrees buyout of secondaries PE specialist Montana Capital Partners first appeared on AltAssets Private Equity News .
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