David A. Hunt has been named chief executive officer of Pramerica Investment Management, the company has announced.
Hunt joins from McKinsey & Company, where he was a senior partner and co-leader of its North American Asset Management practice. He will oversee all of the asset management businesses that comprise Pramerica Investment Management, including its public fixed income, real estate, public equity, private fixed income, mutual fund and wealth management businesses. His appointment is effective November 9.
"David's breadth of institutional and wealth management experience in the US and internationally makes him a perfect fit to lead our asset management businesses," said Charles Lowrey, Chief Operating Officer of PFI's US Businesses.
"His keen understanding of retirement trends, product innovation and the future of distribution and advice delivery will strengthen our current client relationships and help us build new ones. Additionally, his commitment to developing high quality talent will further our company's goal of creating an environment where diverse professionals want to build their careers."
Hunt assumes the new role from Lowrey, who was promoted in February 2011 to lead the US businesses and has continued to oversee the asset management businesses in the interim.
At McKinsey, Hunt's asset management practice served clients with businesses around the globe. He has extensive experience working in Japan and throughout Asia, as well as Europe and the Middle East. Hunt advised clients on a range of issues, including strategy, portfolio management, international expansion, product development, distribution, talent development and organization. Earlier, he led McKinsey's North American Commercial and Investment Banking Practice. He spent six years in Europe, and while in London was elected to the partnership in 1994.
Hunt earned a bachelor's degree in engineering from Princeton University and an MBA in finance and multinational management from the University of Pennsylvania Wharton School. He serves on the board of directors for the Lincoln Center for the Performing Arts and is a life member of the Council on Foreign Relations.
Source: FTI Consulting