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L&G hires PGIM's Eric Adler as asset management CEO
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The hire is part of the group's plans to bring together its public and private markets businesses under a «unified global asset manager», the firm explained in a stock exchange notice today (24 September). Race for private markets M&A: Traditional asset managers face list of hurdles in making tie-ups pay L&G has more then £1.1trn in assets under management and is targeting asset management operating profits of £500-600m by 2028, while aiming to grow the private markets platform from £52bn to £85bn. Adler joins from PGIM where he is president and CEO of the private alternatives busi...
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