Defined Contribution

PGIM Real Estate bolsters DC capabilities

David Skinner was named global head of the defined contribution practice at PGIM Real Estate, spokesman Brendan Duffy said in an email.

Mr. Skinner's promotion is part of an expansion of the DC platform and he will work with PGIM Real Estate senior leadership in expanding the practice's capabilities to serve defined contribution plans in Europe and Asia-Pacific, a news release said. He will continue in his current role as portfolio manager for PGIM Real Estate's two daily-valued real estate portfolios.

Also, Sara Shean was named executive director and senior member of the defined contribution practice. Ms. Shean will report to Mr. Skinner. Both are new positions.

Ms. Shean was previously vice president, institutional defined contribution at Cohen & Steers.

Brian Meta, Cohen & Steers spokesman, could not be immediately reached to provide further information.

PGIM Real Estate's defined contribution assets under management as of June 30 totaled $2.2 billion.