PPM America, Inc. (PPM), an indirect wholly owned subsidiary of Jackson Financial Inc., announced on January 13, 2025, the addition of a seasoned emerging market (EM) debt team. The team, previously from Western Asset Management, includes Mark Hughes and Kevin Ritter as co-heads of EM debt, Matthew Graves as portfolio manager/analyst, and Kevin Zhang as analyst.
This strategic investment in talent is consistent with Jackson Financial Inc.'s commitment to growing PPM's investment capabilities and assets under management. The new team brings an average of 22 years of investment experience, with portfolio managers having worked together since 2009.
The expansion of emerging market debt capabilities is expected to enhance PPM's robust fixed income offerings and deliver results for clients. As of September 30, 2024, PPM managed $76.66 billion in assets, and this move aims to further increase that figure.
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