PGIM expands into Middle East; Appoints Mohammed Abdulmalek as Head
Prudential Financial’s PGIM is expanding its operations in the Middle East region and has announced the appointment of Mohammed Abdulmalek as Senior Advisor & Chairman for the Middle East Council, subject to approvals from regulatory authorities.
In his new role, Abdulmalek brings over three decades of leadership expertise in asset management and investment banking in the Middle East. He will spearhead the expansion efforts across private and public markets and lead regional teams in the capacity of Head of the Middle East.
In his previous roles, Abdulmalek served Deutsche Bank Asset Management as the Managing Director and Middle East Head, Capivest Investment Bank as the Chief Executive Officer, J.P. Morgan Chase as the Vice President and Head of the Middle East, UBS Asset Management as the Executive Director for the Middle East. He is also serving as Chairman of his own advisory firm, Al Rawasi Consultancy & Design, since 2008. On the academic front, he holds a BSc degree in finance from Bahrain University and an MBA degree in financial management from Exeter University. He is also a certified Chartered Alternative Investment Analyst.
Welcoming Abdulmalek as the Head of Middle East, David Hunt, President, and CEO of the company said, “PGIM has been investing on behalf of clients across the Middle East for many years and is now looking to establish a meaningful presence in the region to meet clients’ changing needs. As the Middle East, and the Arabian Gulf in particular, undergoes economic transformation and fast becomes a key component of the global financial ecosystem, Mohammed will play an instrumental role in evolving PGIM’s local offering to support investors in navigating this dynamic environment.”
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Abdulmalek added, "With the region undergoing significant economic changes, PGIM is well-positioned to offer tailored investment solutions that align with the evolving needs of investors."