NEWARK, N.J.--(BUSINESS WIRE)--Prudential Fixed Income has named Jürgen Odenius a principal for international economic and strategic research, the company announced today. Prudential Fixed Income, among the largest fixed income managers in the United States, is an asset management business of Prudential Financial, Inc. (NYSE: PRU).
Odenius, a former International Monetary Fund mission chief, is responsible for evaluating global macroeconomic trends and analyzing developed country sovereigns. His work will support Prudential Fixed Income’s views on interest rates, sovereign spreads and foreign exchange rates. He will be an important member of the Global Investment Strategy team and his appointment is effective immediately.
“Jürgen’s impressive global experience deepens our research capabilities as we seek to find opportunities and manage risk for our clients in an ever-changing global economy,” said Jim Sullivan, CEO of Prudential Fixed Income. “And his fundamental sovereign analysis adds an important backdrop to the foreign corporate credit analysis already done by Prudential Fixed Income’s investment grade and high yield corporate credit analysts.”
Before joining Prudential, Odenius was a mission chief for the IMF’s European Department in Washington, D.C., responsible for several emerging and developed countries. Previously, he formulated the IMF’s outlook for Germany, and contributed to the IMF’s capital markets outlook. Earlier, he was the global head of emerging markets economics and strategy for Commerzbank in London, and served as an emerging markets fixed income analyst for SBC Warburg Dillon Read in London.
Odenius has also authored numerous articles for the IMF’s Global Financial Stability Report and its country publications.
Odenius holds a doctorate degree in economics from the University of Pittsburgh in Pittsburgh, Pa.; master’s degrees in economics from the European University Institute in Florence, Italy, and from the University of Pittsburgh; and a bachelor’s degree in economics and business from the University of Bonn in Germany.
Prudential Fixed Income, with $270 billion in assets under management as of December 31, 2010, offers institutional investors needs-based solutions across all fixed income markets, with a focus on credit strategies and liability-driven investing. Prudential Fixed Income has portfolio management and research teams in Newark, N.J.; London and Singapore. For more information, please visit http://www.prudentialfixedincome.com.
Prudential Financial, Inc. (NYSE: PRU), a financial services leader with approximately $784 billion of assets under management as of December 31, 2010, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, investment management, and real estate services. In the U.S., Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit http://www.news.prudential.com.