US - Pramerica Investment Management, a subsidiary of Prudential Financial with $583bn in assets under management, named David Hunt chief executive officer.
Hunt will assume the role from Charles Lowrey, who was promoted in February to chief operating officer of PFI's US business and has overseen the asset management businesses in the interim.
Hunt will join from McKinsey & Company where he was a senior partner and co-leader of its North American asset management practice. He will oversee all of the asset management businesses that comprise Pramerica, including its public fixed income, real estate, public equity, private fixed income, mutual fund and wealth management businesses.
His appointment is effective from 9 November.
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Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
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