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Daleep Singh. (Photo: PGIM)

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PGIM Hires Economist Away From White House: Executive Changes

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What You Need to Know

  • Equitable has a new head of corporate reputation and financial communications.
  • CNO added an investor relations and sustainability executive.
  • The Standard hired a stable value product sales chief.

PGIM Fixed Income has picked Daleep Singh to be its chief global economist and head of global macroeconomic research.

PGIM Fixed Income is part of Prudential Financial’s PGIM asset management unit. It ended the first quarter with $890 billion in assets under management.

Singh previously worked in the White House as U.S. deputy national security advisor for international economics and deputy director of the National Economic Council.

As the top international economics advisor, he represented President Joe Biden at the meetings of major international economic organizations, such as the G-7 group of countries, the G-20 group of countries and the Asia-Pacific Economic Cooperation economic forum.

Singh began his career as a management consultant at McKinsey & Co. and Diamond Technology Partners.

He later was a vice president in the U.S. fixed-income department at Goldman Sachs, and then the chief operating officer at Element Capital Feeder Fund

After returning to Goldman Sachs for three years, he spent six years at the U.S. Treasury Department; did a stint as the chief economist at SPX Capital, an alternative asset manager; and ran the Federal Reserve Bank of New York’s markets group before heading into the White House.

He helped the New York Fed develop its response to the COVID-19 pandemic, and he helped the Biden administration design the economic sanctions that the United States imposed on Russia after Russia invaded Ukraine.

He has a bachelor’s degree from Duke, a master’s degree in business from MIT, and a master’s degree in public administration from Harvard.

Equitable

Equitable Holdings — the New York-based parent of Equitable Life and AllianceBernstein — has hired Sophia Kim to be head of corporate reputation and financial communications.

Kim previously was director of communications and press secretary at the New York State Department of Financial Services.

Kim started out working in the press office at the U.S. Small Business Administration.

She then served for two years as deputy press secretary at the New York City Fire Department, followed by director of public affairs at SKDKickerbocker, a political consulting firm.

Kim has a bachelor’s degree from Syracuse University and a master’s degree from New York University.

CNO

CNO Financial Group has named Adam Auvil vice president, investor relations and sustainability.

Auvil previously was senior vice president for corporate development at Health IQ, a Medicare plan broker.

Auvil started out as a staff auditor at Ernst & Young. For four years, he was an analyst at the CME Group, the parent of the Chicago Mercantile Exchange. He later spent 11 years at CNO before heading to Health IQ.

He has a bachelor’s degree from Miami University and a master’s degree in business from Northwestern University.

The Standard

The Standard has hired Mike Shamon to be stable value sales director.

He will help the Portland, Oregon-based Meiji Yasuda subsidiary sell stable value funds, or funds designed to protect the value of a retirement saver’s assets.

Shamon is based in the Boston area, and he will oversee the growth of new, investment-only stable value arrangements in The Standard’s Eastern region.

Shamon previously was a client relationship executive at Aegis Retirement Partners.

He started out in financial services as a pension analyst at Harvard University.

He later worked in sales and relationship manager roles at companies such as Mercer, JPMorgan, Empower Retirement, Transamerica and Commonwealth Financial Group.

Shamon has a bachelor’s degree from the Massachusetts College of Liberal Arts and a master’s degree in business from Nichols College.

Pictured: Daleep Singh. (Photo: PGIM)