PGIM Real Estate has appointed Raimondo Amabile as global chief investment officer (CIO), expanding on his existing role as head of Europe and Latin America, effective immediately. He will be responsible for overseeing the firm’s macro investment strategy globally, focusing on broad thematic trends that will connect directly to the regional investment strategies.
A key area of focus will be connecting PGIM Real Estate’s data, proprietary market insights and research, with new technological innovations – such as artificial intelligence and predictive technologies – to help drive allocation and investment decisions.
As head of Europe, Amabile has reshaped the firm’s European business – overseeing US$28 billion in transactions and building out the equity and private debt product architecture across the risk-return spectrum. He has also led the Latin America business, growing its key competitive advantage as a leading industrial investment manager in Mexico, alongside strategic expansion opportunities in the region.
Chief executive officer Eric Adler had served as global CIO in addition to his role as CEO since 2013, and will continue to maintain involvement in setting investment strategy and execution on business priorities.
PGIM Real Estate is the real estate investment business of PGIM, the US$1.5 trillion global investment management businesses of Prudential Financial.
