The newly formed group will leverage the breadth of Prudential’s asset management capabilities across public and private fixed income, equities, real estate and alternatives to help investors solve issues around asset allocation, portfolio construction, dynamic de-risking and hedging. The group will serve institutional clients around the world.
“Our clients increasingly ask for our expertise to develop strategies across their portfolios that will enable them to achieve long-term objectives and absolute risk-adjusted performance,” says David Hunt, CEO of Prudential Investment Management, based in Newark, New Jersey. “Michael’s deep industry experience and understanding of our clients is invaluable as he leads the effort to create holistic investment solutions in collaboration with each of our asset management businesses.”
Schlachter joins Prudential from Wilshire Associates, where he was most recently a managing director and lead consultant to multinational corporations, state governments and federal agencies, with an emphasis on asset allocation, risk and liability management, and portfolio structuring.
Schlachter joined Wilshire in 1999 and moved through a wide range of roles that included providing asset-allocation analysis and investment structuring for clients. He also has experience helping plan sponsors develop long-term strategic investment policies. Before Wilshire, he worked as a financial analyst at Goldman Sachs.
Schlachter holds a charted financial analyst designation and has an M.B.A. from the University of Chicago. He earned his bachelor’s degree in politics and economics from Princeton University.
Prudential Investment Management’s businesses offer a range of investment solutions for retail and institutional investors around the world across all asset classes. More information about the firm can be found at http://www.investmentmanagement.prudential.com.