Money Management

PGIM appoints chief inclusion and diversity officer

Kathryn Sayko took over as managing director and chief inclusion and diversity officer at PGIM on Sept. 12.

She replaces Catherine Verhoff, who will retire at the end of this year, confirmed Caleb Knight, a PGIM spokesman, in an email.

Ms. Sayko reports to PGIM CEO David Hunt.

Ms. Sayko will work with the money management firm's senior executives to "foster an environment that attracts and retains a diverse pool of talent and enables that talent to grow," the company said in a news release issued Tuesday.

She also will work closely with external advocacy groups that promote diversity such as the Robert Toigo Foundation, Jackie Robinson Foundation and Student Veterans of America.

"Kathy's extensive involvement with diversity and inclusion initiatives during her time at Prudential (since 2011) will allow us to continue building our reputation as a career destination for top talent," Mr. Hunt said in the release.

Ms. Sayko was a managing director on Prudential's client management team. Mr. Knight did not have information about her successor on that team.

PGIM, the investment management unit of Prudential Financial, managed $1.2 trillion as of March 31.