PGIM Multi-Asset Solutions on Thursday said it appointed Mao Dong as co-head of Portfolio Management.
Dong joins PGIM from Goldman Sachs Asset Management, where he spent over 14 years, most recently as co-head of OCIO Portfolio Management and head of Portfolio Construction and Manager Research.
At GSAM he led a team of portfolio managers in overseeing strategic and dynamic asset allocation, manager selection, portfolio implementation and risk management for OCIO portfolios globally. Dong also served as senior portfolio manager for several of GSAM’s multi-asset class funds across global equity, fixed income and public real assets.
At PMA, Dong will be responsible for designing and managing multi-asset portfolios for institutional clients, including developing and applying relative value views across public and private investment strategies.
PMA CEO Phil Waldeck comments: “Our insurance, reinsurance and pension fund clients increasingly require complex multi-asset class portfolio construction and management. Mao’s appointment is another important milestone in building PGIM’s multi-asset solutions business to meet the needs of those clients.”
Dong shares portfolio management responsibilities with co-head Jonathan Holt and reports to PMA chief investment officer Alfred Lerman. Holt joined PMA in 2022 from Prudential Financial, where he served as head portfolio manager for Prudential’s Retirement and Group Insurance portfolios.
