The firm has operated in Japan since the late 1980s.

PGIM, the $1.27 trillion investment management arm of New York-listed Prudential Financial, has appointed Hirotaka Kato as head of portfolio solutions for Japan, based in Tokyo.

The role is newly created, the firm said in a statement. The PGIM Portfolio Advisory (PPA) business was launched in 2022. PPA serves as an investment advisor to Prismic Life Reinsurance, a licensed Class E life and annuity company launched in September 2023.

Kato brings over 20 years’ financial services experience to the role. Most recently he was co-head of investment banking and a senior executive officer at Citi Japan.

PGIM has operated in Japan since 1988, starting with the investment management business for Prudential Financial’s life insurance companies.