Prudential Capital Group has named Michael Berry a managing director and
head of its London office, the company announced today. Prudential
Capital Group, one of the world’s leading providers of private capital,
is an asset management business of Prudential Financial, Inc. (NYSE:PRU).
Berry’s appointment is effective immediately. He reports to Marie
Fioramonti, managing director and head of Pricoa Capital Group, the
non-U.S. business of Prudential Capital Group, which has provided
private placements and mezzanine financing in the U.K. and Europe for
more than 30 years.
“Michael is a welcome addition whose relationship-oriented approach is
key as Prudential Capital Group continues to provide tailored financing
for middle-market companies looking for alternative sources of capital
to fund growth over the long term,” Fioramonti said. “Michael’s deep
experience in leveraged finance will help Prudential Capital Group as it
continues to expand its risk investment platform.”
Berry, who has more than 30 years of experience in finance, has a wide
international background, having set up and led leveraged teams at three
major banks. He was managing director and head of specialized finance at
Nomura International plc. Prior to that, he was head of leveraged
finance at WestLB AG and filled various roles at Deutsche Bank/Morgan
Grenfell. In addition, he founded Versatus Advisers LLP, which was
bought by Oriel Securities, to provide financing advice.
Berry has a master’s degree in mathematics from Oxford University. He is
also holds the chartered accountant ACA designation from The Institute
of Chartered Accountants in England and Wales.
Prudential Capital Group has been a leading provider of private debt,
mezzanine and equity securities to companies worldwide for more than 70
years. Managing a portfolio of $68.1 billion as of June 30, 2014,
Prudential Capital offers senior debt and mezzanine capital, leveraged
leases, credit tenant leases, and equipment finance to companies,
worldwide. The global regional office network has locations in Atlanta,
Chicago, Dallas, Frankfurt, London, Los Angeles, Minneapolis, Newark,
N.J., New York, Paris and San Francisco. For more information, please
visit www.prudentialcapitalgroup.com.
Prudential Financial, Inc. (NYSE:PRU), a financial services leader with
more than $1.1 trillion of assets under management as of June 30, 2014,
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 and investment
management. 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 www.news.prudential.com.
Copyright Business Wire 2014