Hirotaka Kato joined PGIM as head of portfolio solutions for Japan in a newly created role, the $1.2 trillion investment management firm said.
He is responsible for growing PGIM Japan's business, and started in late November, a spokesperson confirmed.
He works closely with the PGIM Portfolio Advisory team to develop relationships with Japanese insurance companies and institutional clients, a statement said.
PGIM, the investment management arm of Prudential Financial, has been active in Japan since 1988 and is one of the largest foreign managers of Japanese institutional assets.
"The expansion of PGIM Japan's capabilities reiterates PGIM's commitment to providing Japan's leading insurers and institutional investors with integrated private and public credit strategies and portfolio construction, including liquidity and duration management and asset liability management," Phil Waldeck, chief executive officer of PGIM Portfolio Advisory, said in the statement.
Kato is an industry veteran with more than 20 years of financial services experience. He spent nearly 16 years with Citi Japan, most recently as co-head of investment banking and a senior executive officer.
He left Citi Japan last year to set up his own consulting firm.
