Prudential Fixed Income has hired Gregory Peters, naming him a senior portfolio manager who will work on its multi-sector strategy 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)
Peters, who most recently created and led Morgan Stanley’s cross-asset and asset allocation department, will join the firm in February. As previously announced, Kay Willcox will be retiring from the multi-sector team in the second half of 2014.
In 2007, Peters was among the first to warn of an impending financial crisis and has been credited in the asset management industry as an outstanding strategist. While at Morgan Stanley, he created asset allocation views and investment strategies for institutional investors and created portfolio solutions across asset classes.
“Greg’s market insight and investment experience augment the skills vital to our flagship strategies and enhance our research-driven investment process,” said James Sullivan, head of Prudential Fixed Income.Before Peters became head of global/macro and chief global cross asset strategist at Morgan Stanley, he was global head of fixed income research and economics and had served as head of U.S. credit research. Before that, he worked on Salomon Smith Barney’s corporate bond strategy, after working as a mortgage-backed securities analyst and in risk management. He also worked for the U.S. Treasury as a bank regulator who specialized in distressed loan workouts and examined the quality of assets. Peters holds a bachelor’s degree in finance from the College of New Jersey and an MBA from Fordham University. Prudential Fixed Income, with $405 billion in assets under management as of December 31, 2013, 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 December 31, 2013, has operations in the United States, Asia, Europe, and Latin America. Prudential’s 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., Prudential’s 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.