PGIM Investments hires Merill Lynch veteran as global head of alternative investments

investmentweek.co.uk:

Dominick Carlino (pictured) joined PGIM after ten years at Merrill Lynch.

<span xml:lang=«EN-GB» data-contrast=«auto»>Carlino, who joined the firm on 2 October in a newly created role, is responsible for driving the development and distribution of alternative investments to financial intermediaries managers globally. He will report to PGIM president and CEO Stuart Parker. 

<span xml:lang=«EN-GB» data-contrast=«auto»> PGIM appoints real estate boss to lead newly-formed private alternatives business

<span xml:lang=«EN-GB» data-contrast=«auto»>Prior to joining PGIM, Carlino spent ten years at Merill Lynch as managing director and head of alternative investments distribution.

<span xml:lang=«EN-GB» data-contrast=«auto»>He also held various business development and distribution roles at AlphaOne Capital Partners, Morgan Stanley, and Susquehanna International Group.

<span xml:lang=«EN-GB» data-contrast=«auto»>PGIM Investments' alternatives business spans across real estate, agriculture, private credit and private equity. The firm recently created PGIM Private Alternatives, a new unit that seeks to bring together its private alternatives capabilities. 

<span xml:lang=«EN-GB» data-contrast=«auto»>«Dominick's deep understanding and experience in the alternatives space will add tremendous value to our business as we continue to extend PGIM's full array of high-quality private capabilities to our financial intermediary partners and their high-net-worth clients,» said Parker.

PGIM boosts $237bn alternatives platform with acquisition of private credit firm

<span xml:lang=«EN-GB» data-contrast=«auto»>Carlino added: «Given the current market environment, advisors are increasingly seeking strategies that offer uncorrelated alpha,