Latest news with #PGIM


Time of India
2 days ago
- Business
- Time of India
Early retirement: How financial planning helped this seasoned market veteran retire early at 55
At 55, CEO of India's 25th largest mutual fund house PGIM, Ajit Menon is walking away from a successful career managing Rs.26,693 crore in assets—not because he has to, but because he planned to. His secret weapon? A 12-year partnership with a financial adviser helped map his path to early retirement . Here's why even seasoned market veterans need someone to dispassionately do their wealth planning. You are retiring at 55, a relatively early age by corporate standards. Was this a calculated decision rooted in a financial plan? Yes. I am simply following our family's financial plan, which we began with our adviser about 12 years ago. I now want to focus more on retail brand building and retirement, while making time for family and personal interests. Explore courses from Top Institutes in Please select course: Select a Course Category PGDM MCA Data Science MBA Data Science Digital Marketing Technology Others Operations Management Public Policy CXO Design Thinking Cybersecurity Degree Product Management Data Analytics Healthcare healthcare Leadership Management Finance Project Management Skills you'll gain: Financial Analysis & Decision Making Quantitative & Analytical Skills Organizational Management & Leadership Innovation & Entrepreneurship Duration: 24 Months IMI Delhi Post Graduate Diploma in Management (Online) Starts on Sep 1, 2024 Get Details Was early retirement always a goal, or did it evolve? It evolved. Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » As a CEO of a mutual fund company, you had deep knowledge of markets—why did you still choose to work with a financial adviser? Health and wealth are two areas where we tend to be emotionally invested. Surgeons are not allowed to operate on near and dear ones for the risk of making an error due to being emotionally invested. Similarly, you could make errors of judgment in managing your own money, regardless of how skilled you are. That's why working with a trusted, qualified adviser is often the wiser choice. What surprised you the most about the financial planning process when you became the client? Did a planner uncover any blind spots in your financial behaviour, despite your own professional expertise? Yes. Selecting the proper health and life insurance solutions, factoring in commute time in our buy-versus-rent decision, and providing for pension for our long-time housekeeper from my wife's income. More innovative use of credit card spending and using forex cards, optimising for tax, writing a comprehensive will, and all of these added tremendous value to feeling more confident. Can you share one key advice your financial planner gave you that made a difference? To consider what will keep us happy, not happier. That's a comparison trap with no end. Setting expectations in a way that helps prevent our financial goal posts from shifting made a difference. Were there moments when your professional knowledge conflicted with your adviser's recommendations, and how did you handle those situations? Not in our case. When your adviser is dealing with hundreds of households that have similar hopes, dreams and challenges, that experience has practical applications that help sharpen solutions compared to conventional knowledge. What habits or disciplines helped you the most in building long-term wealth? Trusting the process of the financial plan. Keeping track of the oversized items on the budget. Not second-guessing product choices allocated for each goal. Letting equity investments compound without interruptions. How did you prepare your family for this transition—financially and mentally? My wife, Alinaa, has been involved in the process, as her income is allocated across various goals. My brother and my adviser are the executors and witnesses to our will. My parents are aware of the details of my financial plan and are pleased that I will have time away from my busy schedule. What does the next decade look like for you? Are there new passions you're exploring? Yes. From helping a local community around a farm land we own to pursuing my creative passions, there is much to do. If you could go back to your 40-yearold self, what financial or life advice would you give? You should have appointed your adviser earlier. Use the top-up SIP (systematic investment plan). Read more. Meet more people. How do you think retirement—and financial independence—will look different for the next generation of leaders? The next generation prioritises health significantly better than the previous one. That's the first step to being sorted on most challenges, including financial ones. How do you define 'enough'—and does that evolve over time? It does, but the first step of budgeting is key. Aiming for happiness, rather than being overly happy, helps. Looking back, which decisions or strategies are you most proud of, and which would you approach differently today? I married my best friend. She is my most significant support. In hindsight, the best strategy. Having a good adviser is a close second. And I would guard against concentration, in real estate or equity. PGIM evolved into a respected fund house after the DHFL crisis. How did you manage the ups and downs? We focused on transparency, clear differentiation, and knowing what not to do. Our launches are built for the long term—and all are growing. Talented colleagues and a work culture that values diverse opinions and flexibility helped immensely.
Yahoo
6 days ago
- Business
- Yahoo
What You Need To Know Ahead of Prudential Financial's Earnings Release
New Jersey-based Prudential Financial, Inc. (PRU) provides insurance, investment management, and other financial products and services worldwide. With a market cap of $36.2 billion, Prudential operates through PGIM, Retirement Strategies, Group Insurance, Individual Life, and International Businesses segments. The insurance giant is expected to release its Q2 earnings after the market closes on Wednesday, Jul. 30. Ahead of the event, analysts expect Prudential to report a profit of $3.24 per share, down 4.4% from $3.39 per share reported in the year-ago quarter. The company has missed Wall Street's adjusted EPS projections twice over the past four quarters while exceeding the estimates on two other occasions. More News from Barchart Opendoor Stock Is Surging Higher in a Frenzied Retail Rally. How Should You Play OPEN Shares Here? Nvidia Stock Warning: This NVDA Challenger Just Scored a Major Customer Analysts Are Cutting Their Price Targets for UnitedHealth Stock Before Q2 Earnings. Is It Time to Ditch Shares? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! For the full fiscal 2025, analysts expect PRU to deliver an EPS of $13.45, up 6.6% from $12.62 in fiscal 2024. In fiscal 2026, its earnings are expected to further grow 9.4% year-over-year to $14.72 per share. PRU has plunged 16.4% over the past 52 weeks, significantly underperforming the S&P 500 Index's ($SPX) 13.4% returns and the Financial Select Sector SPDR Fund's (XLF) 22.3% surge during the same time frame. Prudential Financial's stock prices dipped nearly 1% in the trading session after the release of its mixed Q1 results on Apr. 30. While the company's net investment income observed a significant improvement, its premiums observed a steep decline. Prudential's overall revenues came in at $13.5 billion, missing the Street expectations by a high-single-digit figure. Meanwhile, its adjusted EPS for the quarter came in at $3.29, beating the consensus estimates by two cents. PRU holds a consensus 'Hold' rating overall as analysts remain cautious about the stock's prospects. Of the 17 analysts covering the stock, only two recommend 'Strong Buy,' while 13 suggest 'Hold' and two advocate a 'Strong Sell' rating. Its mean price target of $116.13 represents an 11.4% premium to current price levels. On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio


Gulf Today
17-07-2025
- Business
- Gulf Today
ADGM Academy partners with PGIM to advance sustainable technology
ADGM Academy (ADGMA) has partnered with PGIM, the global investment management business of Prudential Financial, to launch the RealAssetX Abu Dhabi Innovation Centre - a cutting-edge lab dedicated to advancing sustainable technology, artificial intelligence (AI), and deep tech within the real asset industry. Set to open in September this year at the ADGM Academy offices, the centre will bring together global expertise to tackle the most pressing challenges and opportunities in real estate, infrastructure, smart cities, and related sectors. The announcement follows the strategic partnership formed between PGIM and the Abu Dhabi Investment Office (ADIO) announced in December last year to support the establishment of the centre. The RealAssetX Abu Dhabi Innovation Centre will focus on three key areas: climate technologies, advancing decarbonisation and environmental resilience; AI-driven decision-making, enhancing asset management and investment strategies through advanced analytics; and breakthrough applications, exploring blockchain for real estate, smart infrastructure systems and advanced materials. PGIM and ADGMA will jointly guide and oversee the centre's strategy and operations, as it delivers research, ideation labs, hackathons, pitch competitions, and incubator and accelerator programmes. Alessandro Borgogna, Advisor - Cluster Planning and Development at ADIO, said, 'Abu Dhabi is driving the next stage of innovation by integrating AI, sustainability, and digital transformation across global industries. RealAssetX Abu Dhabi demonstrates our commitment to strengthening the financial services sector and positioning the emirate as a launchpad for deep tech solutions that deliver value at scale.' Mansoor Jaffar, CEO at ADGM Academy and Research Centre, said, 'We are committed to building a vibrant ecosystem that nurtures early-stage ventures and accelerates breakthrough technologies in real assets. Our partnership with PGIM, supported by ADIO, will enable the RealAssetX Centre to drive innovation, support sustainable development, and position Abu Dhabi as a global hub for deep tech and smart infrastructure.' Mohammed Abdulmalek, Head of the Middle East at PGIM, commented, 'By combining PGIM's global investment expertise with ADGMA's commitment to talent and technology, we are creating a platform that will drive sustainable growth, unlock new value, and position the region at the forefront of deep tech and AI-driven transformation.' Meanwhile in September, 2024, PGIM, the global investment management business of Prudential Financial, has received Financial Services Permission (FSP) to operate in Abu Dhabi Global Market (ADGM) and has opened a new office in Abu Dhabi, located in the city's financial district. Establishing its local entity marks PGIM's formal entry into the Middle East market, underscoring its commitment to serving institutional and professional clients in the region. PGIM is dedicated to providing innovative investment strategies and comprehensive client advisory services to regional investors, helping them navigate market complexities and achieve their financial goals. Arvind Ramamurthy, Chief of Market Development at ADGM, said, 'We are proud to welcome PGIM, one of the largest asset management companies in the world, to one of the largest financial districts in the world — ADGM. PGIM's expansion into Abu Dhabi marks an important milestone in leveraging its unparalleled expertise and comprehensive range of services alongside ADGM's robust ecosystem to unlock a wealth of investment opportunities in the region. Their role in driving growth and innovation in the region will strengthen ADGM's position as a global financial powerhouse.' Mohammed Abdulmalek, Head of the Middle East for PGIM and Chairman of the newly established local entity, commented, 'PGIM is well-equipped to offer bespoke investment solutions that align with the region's economic growth and transformation.' 'Abu Dhabi remains a key market for us, and the establishment of our new legal entity in ADGM emphasises our ongoing dedication to our presence in the UAE and our commitment to the Middle East. I look forward to leading PGIM's efforts in delivering value to our clients and contributing to the financial landscape of the UAE.' ADGM, the international financial centre of the UAE capital, announced the appointment of Rashed Abdulkarim Al Balooshi as Chief Executive Officer of ADGM's Registration Authority (RA), effective immediately. The appointment reflects ADGM's ongoing commitment to bolstering its leadership team and accelerating the execution of its strategic mandate, in alignment with Abu Dhabi's long-term economic vision. WAM


Zawya
17-07-2025
- Business
- Zawya
ADGM Academy, PGIM launch RealAssetX Abu Dhabi to drive innovation
ABU DHABI - ADGM Academy (ADGMA) has partnered with PGIM, the global investment management business of Prudential Financial, Inc., to launch the RealAssetX Abu Dhabi Innovation Centre - a cutting-edge lab dedicated to advancing sustainable technology, artificial intelligence (AI), and deep tech within the real asset industry. Set to open in September this year at the ADGM Academy offices, the centre will bring together global expertise to tackle the most pressing challenges and opportunities in real estate, infrastructure, smart cities, and related sectors. The announcement follows the strategic partnership formed between PGIM and the Abu Dhabi Investment Office (ADIO) announced in December last year to support the establishment of the centre. The RealAssetX Abu Dhabi Innovation Centre will focus on three key areas: climate technologies, advancing decarbonisation and environmental resilience; AI-driven decision-making, enhancing asset management and investment strategies through advanced analytics; and breakthrough applications, exploring blockchain for real estate, smart infrastructure systems and advanced materials. PGIM and ADGMA will jointly guide and oversee the centre's strategy and operations, as it delivers research, ideation labs, hackathons, pitch competitions, and incubator and accelerator programmes. Alessandro Borgogna, Advisor – Cluster Planning and Development at ADIO, said, 'Abu Dhabi is driving the next stage of innovation by integrating AI, sustainability, and digital transformation across global industries. RealAssetX Abu Dhabi demonstrates our commitment to strengthening the financial services sector and positioning the emirate as a launchpad for deep tech solutions that deliver value at scale.' Mansoor Jaffar, CEO at ADGM Academy and Research Centre, said, 'We are committed to building a vibrant ecosystem that nurtures early-stage ventures and accelerates breakthrough technologies in real assets. Our partnership with PGIM, supported by ADIO, will enable the RealAssetX Centre to drive innovation, support sustainable development, and position Abu Dhabi as a global hub for deep tech and smart infrastructure.' Mohammed Abdulmalek, Head of the Middle East at PGIM, commented, 'By combining PGIM's global investment expertise with ADGMA's commitment to talent and technology, we are creating a platform that will drive sustainable growth, unlock new value, and position the region at the forefront of deep tech and AI-driven transformation.'


Arabian Business
17-07-2025
- Business
- Arabian Business
ADGM Academy partners with PGIM to launch RealAssetX Abu Dhabi Innovation Centre
ADGM Academy (ADGMA) has partnered with PGIM, the global investment management business of Prudential Financial, Inc., to launch the RealAssetX Abu Dhabi Innovation Centre . The centre will focus on sustainable technology, artificial intelligence (AI), and deep tech within the real asset industry. The centre will open in September this year at the ADGM Academy offices, bringing together global expertise to tackle challenges and opportunities in real estate, infrastructure, smart cities, and related sectors. ADGM Academy, PGIM launch real estate innovation hub The announcement follows the strategic partnership formed between PGIM and the Abu Dhabi Investment Office (ADIO) announced in December last year to support the establishment of the centre. Alessandro Borgogna, Advisor – Cluster Planning and Development at ADIO, said: 'Abu Dhabi is driving the next stage of innovation by integrating AI, sustainability, and digital transformation across global industries. RealAssetX Abu Dhabi demonstrates our commitment to strengthening the financial services sector and positioning the emirate as a launchpad for deep tech solutions that deliver value at scale.' The RealAssetX Abu Dhabi Innovation Centre will focus on three key areas: climate technologies, advancing decarbonisation and environmental resilience; AI-driven decision-making, enhancing asset management and investment strategies through analytics; and breakthrough applications, exploring blockchain for real estate, smart infrastructure systems and materials. Mansoor Jaffar, CEO at ADGM Academy and Research Centre, added: 'We are committed to building a vibrant ecosystem that nurtures early-stage ventures and accelerates breakthrough technologies in real assets. Our partnership with PGIM, supported by ADIO, will enable the RealAssetX Centre to drive innovation, support sustainable development, and position Abu Dhabi as a global hub for deep tech and smart infrastructure.' PGIM and ADGMA will jointly guide and oversee the centre's strategy and operations. The centre will deliver research, ideation labs, hackathons, pitch competitions, and incubator and accelerator programmes. Mohammed Abdulmalek, Head of the Middle East at PGIM, said: 'By combining PGIM's global investment expertise with ADGMA's commitment to talent and technology, we are creating a platform that will drive sustainable growth, unlock new value, and position the region at the forefront of deep tech and AI-driven transformation.'