Pgim Limited (London)

Name: Pgim Limited
Address: Grand Buildings, 1 3 Strand, London, Wc2 N 5 Hr
Telephone: +44 (0) 207 766 2400

Pgim Limited is a large advisory firm based in London. It manages $47.99 billion of regulatory assets for 122 client accounts. It has been registered with the SEC as an adviser since 2016.

Pgim Limited provides portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Pgim Limited: assets under management

The assets under management (AUM) of Pgim Limited is $47.99 billion. The firm's AUM has grown by 93% since the beginning of its operation, and $46.18 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $47.72 billion in discretionary accounts and $272.03 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $397.66 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $136.02 million.

Pgim Limited has custody of $183.05 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 17% of the total AUM. The second-largest asset type is sovereign bonds, which make up 16% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pgim Limited for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Steven Bruce Saperstein serves?

The firm provides services to insurance companies, investment companies, pooled investment vehicles, pension and profit sharing plans, and sovereign wealth funds and foreign official institutions. The largest group of clients of Steven Bruce Saperstein is pooled investment vehicles with 43 clients and $18.46 billion of assets under management. Among the 11 most similar advisory firms, Pgim Limited has the 5th lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $41.4 billion for 116 clients. 90% of the firm’s clients are foreign persons or businesses.

Pgim Limited also advises several private funds. Namely, two hedge funds, one real estate fund, and fifteen securitized asset funds. The minimum investment commitment required of non-related persons ranges from $0 to $127,360.

Careers at Pgim Limited

The company employs 203 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There are 19 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Steven Bruce Saperstein has been acting as President since 1 Apr 2012. Philip Mathew Barrett joined the executive team most recently as the Global Head Of Business And Investment Operations.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Pgim Financial Limited	Shareholder	1 Jul 1999	75% - 100%	foreign
Pramerica Financial Limited	Shareholder	1 Jul 1999	75% - 100%	foreign
Kaushik Muljibhai Shah	Chief operating officer (prei), director	1 Apr 2001	Other	6016724
Denis Lionel Chatterton	Chief operating officer (fixed income), director	1 Aug 2007	Other	6016726
Stephen John Davies	Director of finance	1 Dec 2007	Other	6016729
James Joseph Sullivan	Chief executive officer (fixed income), director	1 Jan 2011	Other	2402110
Jonathan Paul Butler	Managing director, director	1 Jan 2011	Other	6016728
Christopher John Povall	Chief compliance officer	1 Feb 2012	Other	6025599
Steven Bruce Saperstein	Director	1 Apr 2012	Other	4649113
Eric Bernard Collinet Adler	Chief executive officer	1 Jan 2013	Other	6016723
Philip Mathew Barrett	Global chief investment risk officer	1 Jan 2013	Other	6016727
Raimondo Amabile	Managing director, head of europe, director	1 May 2013	Other	6193851
Marie Louise Fioramonti	Director	1 May 2013	Other	6232236
Andrew John Shearer Macland	Managing director, head of uk, director	1 Sep 2015	Other	6558174
Heather Carol Day	Chief operating officer	1 Apr 2016	Other	6639391
Michael Keith Lillard	Senior managing director, chief investment officer & head of fixed income, director	1 Jul 2016	Other	4001592
Richard Thomas Greenwood	Managing director, head of fixed income london, director	1 Jul 2016	Other	4022330
Elizabeth Ann Samson	Chief operating officer, ucits, director	1 Nov 2016	Other	2243316
Mathew Royal Crowther	Managing director, director	1 Oct 2017	Other	6861649
Mark Gerald Fresson	Pgim european finance director	1 Oct 2017	Other	6861682
Andrew Ballantyne Crain	Emea chief compliance officer	1 Oct 2017	Other	5907819
Philip Mathew Barrett	Global head of business and investment operations	1 Jan 2018	Other	6016727

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Pgim	Shareholder	1 Sep 2000	75% - 100%	105676
Inc. Prudential Investment Management	Shareholder	1 Sep 2000	75% - 100%	105676
Inc. Prudential Financial	Shareholder	1 Dec 2001	75% - 100%	22-3703799
Pgim Holding Company Llc	Shareholder	1 Jan 2002	75% - 100%	14-1960383
Prudential Asset Management Holding Company Llc	Shareholder	1 Jan 2002	75% - 100%	14-1960383

Based in London

The principal office where Pgim Limited performs its advisory services is located at Grand Buildings, 1 3 Strand, London, Wc2 N 5 Hr, which is also the mailing address of the firm. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number +44 (0) 207 766 2400 or by fax +44 (0) 207 766 2401. The normal business hours are 9.00 a.m. - 5.30 p.m. on Monday - Friday. You can find more information about the New York firm at pgimrealestate.com.