Cameron Lochhead was promoted to global head of the institutional relationship group at PGIM, the $1.2 trillion investment management business of Prudential Financial, PGIM said.
Based in Newark, Mr. Lochhead will "play a hands-on role with the company's top institutional clients and prospects throughout North America," a news release Tuesday said. He will report directly to PGIM CEO David Hunt.
Prior to his appointment, Mr. Lochhead, who joined the company in 2016, was managing director of PGIM's institutional relationship group with responsibility for client coverage in the U.S. and Canada, a spokeswoman said in an email.
Mr. Lochhead replaces Bas NieuweWeme, who left the company in March, the spokeswoman said. Mr. NieuweWeme was named global CEO of Aegon Asset Management in June.
As part of his role, Mr. Lochhead will continue to partner with each of PGIM's autonomous asset management businesses — PGIM Fixed Income, PGIM Real Estate, PGIM Real Estate Finance, Prudential Capital Group, QMA and Jennison Associates — and lead a global team in offices throughout Chicago, London, Munich, Singapore and Sydney, the news release said.
The firm has plans to expand its institutional relationship group into Shanghai later this year, the release said.