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Head of research appointed at Prudential Portfolio Management Group Ltd

The Prudential Portfolio Management Group Limited (PPMG) has appointed David Shairp to its senior team in a newly created role as head of research.

With 30 years of experience in fund management and investment banking, David will be responsible for managing and developing Prudential's research and asset allocation process.

He joins a team of over 50 economists, investment strategists, analysts and mathematicians at PPMG, an asset management business that controls over £155.2 billion of Prudential's investments.

Commenting on the appointment, Al Denholm, chief executive of PPMG, said:

"At PPMG, one of our core beliefs is that robust research and insight helps to inform great investment decisions, ultimately adding value to our portfolios by identifying the key opportunities and risks over the course of a business cycle.

"David's appointment will further strengthen the expertise of our senior team and help us to build on our long established history of delivering strong investment performance through strategic and tactical asset allocation."

David Shairp, head of research, said:

"Prudential has established itself as a world class multi-asset investor with a track record of achieving solid investment performance by taking a long-term rational view to asset allocation. I feel privileged to be joining a team with such a strong reputation."

PPMG is the 'manager of managers' for the Prudential Group in the UK and is responsible for managing Prudential UK's fund ranges, including its With-Profits Fund which, at £76.7 billion3, is one of the largest in the UK.

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