Prudential plc

Jackson Announces Fourth Quarter Cash Dividend of $0.50 Per Share and a $300 Million Share Repurchase Program

Retrieved on: 
Tuesday, November 9, 2021

The Board also authorized a $300 million share repurchase program for Jacksons Class A common stock.

Key Points: 
  • The Board also authorized a $300 million share repurchase program for Jacksons Class A common stock.
  • The dividend and share repurchase program are the first for Jackson since becoming an independent, publicly-traded company.
  • Taken together, the dividend and share repurchase program position us to fulfill our previously announced target of returning $325 million to $425 million to shareholders within the first year following the demerger.
  • Jackson National Life Insurance Company is a wholly owned subsidiary of Jackson Financial Inc. Jackson Financial Inc. is a publicly traded company.

AllianceBernstein Adds Jackson to its Lifetime Income Strategy Multi-Insurer Platform

Retrieved on: 
Monday, November 8, 2021

NASHVILLE, Tenn., Nov. 8, 2021 /PRNewswire/ --AllianceBernstein L.P. ("AB") (NYSE: AB) announced it has added Jackson National Life Insurance Company (Jackson), the main operating subsidiary of Jackson Financial Inc. (NYSE: JXN), to its platform of insurers that provides guaranteed income in its Lifetime Income Strategy (LIS) retirement solution for Defined Contribution (DC) plans.

Key Points: 
  • NASHVILLE, Tenn., Nov. 8, 2021 /PRNewswire/ --AllianceBernstein L.P. ("AB") (NYSE: AB) announced it has added Jackson National Life Insurance Company (Jackson), the main operating subsidiary of Jackson Financial Inc. (NYSE: JXN), to its platform of insurers that provides guaranteed income in its Lifetime Income Strategy (LIS) retirement solution for Defined Contribution (DC) plans.
  • "We're delighted to announce the addition of Jackson to our multi-insurer platform and are looking forward to partnering with Jackson to provide Americans with financial security and income certainty in retirement."
  • LIS has been available to the DC market as the first-of-its-kind retirement income solution since 2012 and currently has more than $6 billion in strategy assets, including $2.1 billion in secured income.
  • Jackson National Life Insurance Company is a wholly owned subsidiary of Jackson Financial Inc. Jackson Financial Inc. is a publicly traded company.

Thornburg Adds Two Co-Portfolio Managers to International Growth Strategy Team

Retrieved on: 
Tuesday, November 2, 2021

SANTA FE, N.M., Nov. 2, 2021 /PRNewswire/ --Thornburg Investment Management ("Thornburg"), a global investment firm that oversees $49 billion in assets1, today announced the promotions of Nicholas Anderson, CFA, and Emily Leveille, CFA, to portfolio managers on the Thornburg International Growth Fund (Ticker: TINGX) and SMA strategy.

Key Points: 
  • SANTA FE, N.M., Nov. 2, 2021 /PRNewswire/ --Thornburg Investment Management ("Thornburg"), a global investment firm that oversees $49 billion in assets1, today announced the promotions of Nicholas Anderson, CFA, and Emily Leveille, CFA, to portfolio managers on the Thornburg International Growth Fund (Ticker: TINGX) and SMA strategy.
  • "We are pleased to recognize Nick and Emily's accomplishments at Thornburg and elevate them to portfolio managers," said Ben Kirby, co-head of investments.
  • Since the start of the year, he has been an integral part of the international growth team as an associate portfolio manager.
  • She joined Thornburg earlier this year as a senior equity research analyst and she has been supporting International Growth Fund and strategy with investment ideas and research.

PGIM Investments to acquire direct indexing firm Green Harvest Asset Management

Retrieved on: 
Tuesday, October 19, 2021

PGIM Investments announced today that it has entered into an agreement to acquire Green Harvest Asset Management LLC (Green Harvest), a separately managed account (SMA) platform providing customized solutions for the complex needs of high-net-worth investors.

Key Points: 
  • PGIM Investments announced today that it has entered into an agreement to acquire Green Harvest Asset Management LLC (Green Harvest), a separately managed account (SMA) platform providing customized solutions for the complex needs of high-net-worth investors.
  • PGIM, Inc. is the $1.5 trillion global investment management business of Prudential Financial, Inc. ( NYSE: PRU ) a top-10 investment manager globally.
  • Upon completion, Green Harvest will join PGIM Investments retail platform, expanding the firms wide range of investment solutions and capabilities.
  • Green Harvest Asset Management LLC was formed in 2017 by a team of seasoned ETF and asset management experts.

PGIM Fixed Income announces new head of municipal bond team

Retrieved on: 
Monday, October 18, 2021

PGIM Fixed Income, a global asset manager offering active solutions across all fixed income markets, announced Jason Appleson will assume the role as head of Municipal Bonds effective Jan. 1, 2022 upon the retirement of long-time head of Municipal Bonds Susan Courtney.

Key Points: 
  • PGIM Fixed Income, a global asset manager offering active solutions across all fixed income markets, announced Jason Appleson will assume the role as head of Municipal Bonds effective Jan. 1, 2022 upon the retirement of long-time head of Municipal Bonds Susan Courtney.
  • Jason brings strong capabilities in municipal bond portfolio management and relative value analysis, as well as proven investment leadership to our municipal bond team.
  • With continued strong flows into the municipal category, Jasons expertise will prove immediately valuable to our clients who look to municipal bonds as a key part of their fixed income portfolio, said Richard Greenwood, head of Credit for PGIM Fixed Income.
  • As head of the municipal bond team Appleson will report to Greenwood and be responsible for developing, directing and executing investment strategy for all tax-exempt municipal bond assets, including the municipal bond mutual funds.

Disruption in service sector favors leaders in health, finance and logistics, PGIM reports

Retrieved on: 
Thursday, October 14, 2021

The COVID-19 pandemic accelerated the development and deployment of new technologies that are radically reshaping winners and losers across the services sector in both developed and emerging markets, said Taimur Hyat, chief operating officer for PGIM.

Key Points: 
  • The COVID-19 pandemic accelerated the development and deployment of new technologies that are radically reshaping winners and losers across the services sector in both developed and emerging markets, said Taimur Hyat, chief operating officer for PGIM.
  • At PGIM, we believe long-term investors can get ahead of this transformational phase in the services sector by actively positioning their portfolios to capture the investment opportunities and mitigate the risks from this impending wave of technology-driven disruption.
  • Disruptors in financial services are expanding the accessible market for financial firms, but todays leaders have the opportunity to widen their moat against upstart competitors.
  • For more, visit the microsite for Reshaping Services: The investment implications of technological disruption , the latest in PGIMs Megatrends series.

PGIM Private Capital Invests $65.0M in ED&F Man Capital Markets US Holdings, Inc.

Retrieved on: 
Thursday, October 14, 2021

PGIM Private Capital is a leading source of private debt for public and private companies and is the private capital arm of PGIM, the $1.4 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).

Key Points: 
  • PGIM Private Capital is a leading source of private debt for public and private companies and is the private capital arm of PGIM, the $1.4 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
  • We are pleased to provide funding to ED&F Man Capital Markets to provide strategic financing for the business as they pursue the next phase of growth.
  • Christopher J Smith, Global CEO of ED&F Man Capital Markets, said:
    Our partnership with PGIM Private Capitals Direct Lending group is built on a relationship whose foundations go back over many years.
  • Matthew Harvey, Managing Director and Head of PGIM Private Capitals Direct Lending group, said:
    We look forward to supporting ED&F Man Capital Markets strategic journey and working closely with their leadership team.

Top AI Experts Shed Light on the Need to Accelerate AI, RPA to Support Businesses and Enterprises in The Philippine Market

Retrieved on: 
Wednesday, October 13, 2021

Hosted by Trescon, World AI & RPA Show convened over 250 online participants that included major stakeholders of the Philippines' AI ecosystem including government authorities, top AI experts and solution providers.

Key Points: 
  • Hosted by Trescon, World AI & RPA Show convened over 250 online participants that included major stakeholders of the Philippines' AI ecosystem including government authorities, top AI experts and solution providers.
  • The virtual conference featured leading AI organizations such as Oracle and Denodo coming together to discuss the Philippines' AI and RPA prospects.
  • Innovations like AI, however, need to be contextualized and integrated into an enterprise use case," stated Mithun Shetty, CEO, Trescon.
  • World AI & RPA Show is a thought-leadership-driven, business-focused, global series of events that takes place in strategic locations across the world.

Jackson Enters the Registered Index-Linked Annuity Market

Retrieved on: 
Monday, October 11, 2021

Jackson National Life Insurance Company (Jackson), the main operating subsidiary of Jackson Financial Inc. (NYSE: JXN), today announced the launch of Jackson Market Link ProSM (JMLP) and Jackson Market Link Pro AdvisorySM (JMLPA), two new registered index-linked annuities (RILAs).

Key Points: 
  • Jackson National Life Insurance Company (Jackson), the main operating subsidiary of Jackson Financial Inc. (NYSE: JXN), today announced the launch of Jackson Market Link ProSM (JMLP) and Jackson Market Link Pro AdvisorySM (JMLPA), two new registered index-linked annuities (RILAs).
  • Registered index-linked annuities are one of the fastest growing segments of the annuities market and continue to gain momentum, said Aimee DeCamillo, Jackson Chief Commercial Officer and President of Jackson National Life Distributors LLC (JNLD).
  • Jackson National Life Insurance Company is a wholly owned subsidiary of Jackson Financial Inc. Jackson Financial Inc. is a publicly traded company.
  • This and other important information is contained in the current contract prospectus at Jackson.com/ProspectusJMLP for the Jackson Market Link Pro prospectus or Jackson.com/ProspectusJMLPA for the Jackson Market Link Pro Advisory prospectus.

Jackson to Report 3Q 2021 Financial Results

Retrieved on: 
Friday, October 8, 2021

Jackson Financial Inc. 1 (NYSE: JXN) will announce financial results for the third quarter ended September 30, 2021 after market close Tuesday, November 9, 2021.

Key Points: 
  • Jackson Financial Inc. 1 (NYSE: JXN) will announce financial results for the third quarter ended September 30, 2021 after market close Tuesday, November 9, 2021.
  • Jackson National Life Insurance Company is a wholly owned subsidiary of Jackson Financial Inc. Jackson Financial Inc. is a publicly traded company.
  • Prudential plc and Athene Life Re Ltd. each hold a minority economic interest in Jackson Financial Inc. Prudential plc has no relation to Newark, New Jersey-based Prudential Financial, Inc.
    Jackson is the marketing name for Jackson Financial Inc., Jackson National Life Insurance Company (Home Office: Lansing, Michigan) and Jackson National Life Insurance Company of New York (Home Office: Purchase, New York).
  • 1 Jackson Financial Inc. (JFI) is a U.S. holding company and the direct parent of Jackson Holdings LLC (JHLLC).