Said Rajan, "Nathan Sheets is one of the world's foremost experts on the global economy and economic policy matters, with a record of accomplishments in some of the most senior international roles in government and the banking industry. Our investors look to us for leadership and guidance on the increasingly complex and interdependent macroeconomic forces that drive global financial markets and investment outcomes. Adding a person of Nathan's stature will enhance our thought leadership and investment management capabilities in this crucial area."About PGIM Fixed Income PGIM Fixed Income, with $654 billion in assets under management as of March 31, 2017, is a global asset manager offering active solutions across all fixed income markets. The company has offices in Newark, N.J., London, Tokyo and Singapore. For more information, visit www.pgimfixedincome.com. About PGIM With 14 consecutive years of positive third-party institutional net flows, PGIM ranks among the top 10 largest asset managers in the world with more than $1 trillion in assets under management as of March 31, 2017. PGIM's businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including fundamental equity, quantitative equity, public fixed income, private fixed income, real estate and commercial mortgages. Its businesses have offices in 16 countries across five continents. Prudential Financial, Inc. (NYSE: PRU), is a financial services leader headquartered in the United States with operations in Asia, Europe and Latin America. Its additional businesses offer a variety of products and services, including life insurance, annuities and retirement-related services. Prudential Financial, Inc., of the United States is not affiliated in any manner with Prudential plc, a company incorporated in the United Kingdom. For more information about PGIM, please visit www.pgim.com. For more information about Prudential, please visit news.prudential.com.