Prudential Capital function
Can someone explain what Prudential Capital does in terms of finance if not related to the Investment Bank side nor the Wealth Management side? Trying to understand my sister’s job role.
bump also interested
The easiest way to think of them is that they started as the lending division of the insurance company - a way to earn a higher yield than securities. They lend on commercial income properties, and also to companies in various forms of terms loans and mez debt. They then raised various funds from investors over the years (such as other smaller insurance companies) to do the same sort of thing alongside of them or perhaps in scenarios that they wouldn’t want to participate in, and earn fee income on those funds. I don’t believe they have an investment banking group anymore and their brokerage division Bache was sold to Wachovia pre financial crisis and is now Wells Fargo advisors.
Velit doloribus quibusdam velit dolores soluta sunt. Eos iste rerum ducimus illum incidunt reprehenderit culpa. Qui tempore dolores expedita atque inventore. Est dolore eveniet aliquam omnis beatae.
Voluptas omnis nisi quisquam at. Est natus libero ut non. Ut quis modi animi consequatur veniam.
Adipisci itaque earum earum hic qui. Sed rerum magni facere minima molestiae et. Officia rerum temporibus dolores minima.
Aut voluptatibus et illo nesciunt. Animi mollitia et magni repellat aut. Numquam ipsa omnis vel excepturi et vero. Quae et animi necessitatibus illum quia assumenda minima incidunt. Voluptate eum est et. Recusandae quo doloremque harum et eum totam praesentium.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...