Prudential Financial $212 Billion PGIM Real Estate Appoints 24-Year Veteran David Fassbender as Head of Asia-Pacific (1/7/26) Succeeding Benett Theseira Who is Retiring after 36-Year Career in Real Estate (15 Years at PGIM), David Fassbender Joined PGIM (Pramerica Real Estate) in 2002 and Held Senior Roles Including as Deputy Head of APAC and PGIM Real Estate Head of Japan & Head of Southeast Asia
4th March 2026 | Hong Kong
Prudential Financial PGIM Real Estate ($212 billion AUM) has appointed 24-year veteran David Fassbender as Head of Asia-Pacific (1/7/26), succeeding Benett Theseira who is retiring after a 36-year career in real estate (15 years at PGIM). David Fassbender joined PGIM (Pramerica Real Estate) in 2002, and held senior roles including as PGIM Real Estate Deputy Head of APAC and PGIM Real Estate Head of Japan & Head of Southeast Asia. In 2025 September, Prudential Financial asset manager PGIM ($1.4 trillion AUM) & private markets asset manager Partners Group ($174 billion AUM) formed a strategic partnership to build multi-asset portfolio solutions for individual & institutional investors. PGIM provides expertise in public & private asset classes including with $1 trillion credit platform & as one of the largest real estate investment managers in the world, and Partners Group in private equity, infrastructure investment & bespoke private markets portfolio solutions. In 2025 June, PGIM announced the internal merger of $862 billion Fixed Income & $110 billion Private Credit to create a $972 billion Fixed Income & Private Credit unit. In 2025 April, PGIM Real Estate ($206 billion assets) appointed 23-year veteran David Fassbender as Deputy Head of APAC. David Fassbender joined PGIM (Pramerica Real Estate) in 2002, and is currently PGIM Real Estate Head of Japan & Head of Southeast Asia. In 2025 April, PGIM ($1.3 trillion AUM) Fixed income hired Blackstone Oliver Nisenson as Head of Asset-Based Finance (ABF). PGIM Fixed Income securitized products manages $131 billion, and PGIM Fixed Income has $837 billion AUM. Oliver Nisenson has more than 20 years of financial industry experience including at Blackstone, Credit Suisse, Morgan Stanley, and was Founding Partner of 20 Gates Management in 2010. Also in 2025 April, PGIM secondaries mid-market investment manager Montana Capital Partners (MCP, $3.9 billion AUM) bought a private equity portfolio from Prudential Financial, with the private equity portfolio comprising of mid-market inflection buyout assets from Prudential Financial funds & co-investments for MCP Opportunities Secondary Program (OSP) & select MCP co-investors. In 2025 March, Prudential asset manager PGIM ($1.4 trillion AUM) launched a new high growth companies equity fund PGIM Jennison Better Future Fund, investing in companies with disruptive technology or services & exhibiting dynamic new product development with the fund investing in 25 to 40 companies. The PGIM Jennison Better Future Fund is managed by active equity manager Jennison Associates, and the investment team is led by Jennison Associates Head of Global Equity Mark Baribeau & Portfolio Manager Rebecca Irwin. Jennison Associates has $214 billion AUM and is an affiliate manager of PGIM.
“ Prudential Financial $212 Billion PGIM Real Estate Appoints 24-Year Veteran David Fassbender as Head of Asia-Pacific (1/7/26) Succeeding Benett Theseira Who is Retiring after 36-Year Career in Real Estate (15 Years at PGIM), David Fassbender Joined PGIM (Pramerica Real Estate) in 2002 and Held Senior Roles Including as Deputy Head of APAC and PGIM Real Estate Head of Japan & Head of Southeast Asia “
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Prudential Financial $212 Billion PGIM Real Estate Appoints 24-Year Veteran David Fassbender as Head of Asia-Pacific (1/7/26) Succeeding Benett Theseira Who is Retiring after 36-Year Career in Real Estate (15 Years at PGIM), David Fassbender Joined PGIM (Pramerica Real Estate) in 2002 and Held Senior Roles Including as Deputy Head of APAC and PGIM Real Estate Head of Japan & Head of Southeast Asia
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