PGIM Fixed Income, a global asset manager offering active solutions across all fixed income markets with USD868 billion in assets under management, has hired Jacques-Etienne Doerr for the newly-created role of head of Institutional Sales for Switzerland, based in Zurich and effective immediately.
PGIM Fixed Income is part of PGIM, the global investment management business of US-based Prudential Financial and one of the world’s top 10 asset managers with more than USD1.3 trillion in assets under management.
Doerr joins PGIM Fixed Income’s Client Advisory Group in EMEA, reporting to Sarah McMullen, head of EMEA Client Advisory. He is responsible for deepening PGIM Fixed Income’s client footprint in Switzerland.
Doerr has over 27 years’ experience working in the asset management industry, with the majority of that time spent in Switzerland. For the past 12 years, Doerr was with Vanguard Investments Switzerland, most recently as the managing officer and head of business development, having established Vanguard’s Swiss operations in 2008 and built the business significantly during his tenure.
Previously, Doerr was country head for the investment management division of Lehman Brothers International (Europe), and a director of business development and client relationship management with GMO Switzerland GmbH. Earlier in his career, Doerr held positions with Julius Baer Group and Lombard Odier Group.
McMullen says: “As we continue to expand our European offering we are pleased to welcome Jacques-Etienne to establish an on-the-ground presence for us in this key market. Jacques-Etienne brings extensive experience and knowledge of the local industry and a deep network of relationships which will play a valuable role in ensuring we are well-positioned to meet the needs of clients in the region.”
Doerr comments: “This is a uniquely interesting time to be joining PGIM Fixed Income to enhance its presence amongst Swiss investors. Heightened uncertainty and volatility create a challenging environment for clients needing to achieve return objectives. PGIM Fixed Income, as an active-only investor with deeply resourced analyst teams and expertise across all fixed income markets, has an impressive track record of delivering and I look forward to helping build awareness and relationships in the market.”