Richard Greenwood, managing director and head of credit at PGIM Fixed Income, will retire from the firm in April 2025.
Greenwood will hand off oversight of corporate credit research and portfolio management to other team members effective Jan. 1, while serving as an advisor for the remainder of his time at PGIM, a spokeswoman confirmed.
Craig Dewling, co-chief investment officer, will take on direct oversight of PGIM’s credit portfolio management teams from Greenwood from Jan. 1.
Brian Barnhurst, who previously reported to Greenwood as co-head of credit research, has taken on the title of head of global credit research, reporting to Greenwood. Barnhurst will report to Dewling from Jan. 2025.
PGIM Fixed Income reported assets under management of $805.4 billion as of June 30.
PGIM's head of credit to retire
PGIM's Richard Greenwood, Craig Dewling and Brian Barnhurst
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