Sancia Dalley has joined PGIM as a managing director in its office of diversity, equity and inclusion.
In this role, she will oversee the DEI investment portfolio and HBCU investment strategy, said a Nov. 20 release. Dalley will partner across PGIM and its parent corporation Prudential Financial's leadership and investment teams, as well as with industry partners, to advance both strategies, the release noted.
PGIM indicated in the release that they are committed to closing the racial wealth gap, citing data showing that women- and minority-owned asset managers oversee less than 2% of assets under management globally. As such, PGIM is "committed to supporting an expanded universe of asset managers, including diverse asset managers, in the alternatives space in order to achieve above-market-rate returns and to help enable wealth creation."
In addition, historically Black colleges and universities continue to lack resources across such areas of study as finance and investments. PGIM currently provides access to educational resources for students in finance at select HBCUs so that they may enter the industry in a more competitive and equitable standing.
"Sancia has taken on a new managing director role that includes both leadership of PGIM's DEI investment portfolio and HBCU investment strategy," a spokesperson for PGIM said.
Dalley formerly served as senior vice president of investor engagement and strategic partnerships at Robert F. Kennedy Human Rights, the nonprofit foundation focused on economic equity and social justice led by Kerry Kennedy, daughter of the former U.S. Attorney General Bobby Kennedy.
A spokesperson for Robert F. Kennedy Human Rights said Fanta NGom will take over Dalley’s role and responsibilities.
PGIM, the money management arm of Prudential Financial, has $1.2 trillion in total assets under management.