This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
In our retirement strategies business, we're increasing the number of individual annuity solutions and adding new workplace partnerships, like the relationship we recently announced with JPMorgan AssetManagement. PGIM is also well positioned to continue to capture the growing retail demand for fixed income products.
They’re talking about assetmanagement firms, in which public pension funds often have investments, supporting shareholder proposals meant to achieve social justice or climate objectives yet of dubious financial value. Nor is it supported by the empirical evidence. They could simply carry on trying to maximize returns.
PGIM, our global assetmanagement business, is well positioned to address the increasing demand for retirement solutions around the world while capitalizing on growing institutional demand for private credit and alternative investments. and international businesses in retirement, assetmanagement, and insurance.
Some of the areas we exited included Retail Primary Casualty, Risk-managed Architects and Engineers, and Intellectual Property Collateral Protection lines. John Fox -- Fenimore AssetManagement -- Analyst Hi, Thank you. John Fox -- Fenimore AssetManagement -- Analyst OK. Your line is open. Good stuff.
As we look ahead, we are well positioned as a global leader at the intersection of assetmanagement and insurance. And obviously, with good performance, we would expect to continue to be able to -- to manage that even over a longer period of time. John Barnidge -- Piper Sandler -- Analyst Thank -- thank you for that.
PGIM, our global investment manager, had lower other related revenues driven by lower incentive fees and agency income, and higher expenses. This was partially offset by higher assetmanagementfees, including the benefits from our acquisition of Deerpath Capital and of launching Prismic. Results of our U.S.
NII ex-markets was up $274 million or 1%, driven by the impact of balance sheet mix and securities reinvestment, higher revolving balances in card, and higher wholesale deposit balances, predominantly offset by lower deposit balances in banking and wealth management and deposit margin compression. NIR ex-markets was up $1.8 Expenses of $22.6
billion was up 8% year on year, driven by higher deposit margins on lower balances and higher managementfees on strong net inflows. Morgan AssetManagement China, both of which closed within the last year. Revenue of 4.6 Expenses of 3.2 You know, more of it than some people feared has come out of RRP.
We believe our clients view us as the gold standard in alternative assetmanagement. Our original strategic plan, which was to start in corporate advisory and then quickly move into private equity, followed by a succession of other assetmanagement businesses over time. banks with an average of 12 times leverage.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content