People Moves: PGIM Real Estate appoints Rory Morrison to lead on European Core Strategies
Press Release -- PGIM Real Estate has appointed Rory Morrison as Head of Core Strategies for its European platform. PGIM Real Estate is the US$212 billion real estate investment business of PGIM and the third-largest real estate firm globally.
Based in London, Morrison will have strategic and operational oversight of PGIM Real Estate's European Core strategy, European Core Plus strategy, and UK Affordable Housing strategy, working closely with the existing portfolio management teams. His responsibilities will also include supporting business development teams on fundraising for these key core strategies. In this newly created role, Morrison will report to Sebastiano Ferrante, Head of Europe.
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About PGIM Real Estate
PGIM Real Estate is the world's third-largest real estate investment manager, with US$206 billion in gross assets under management and administration[1], and real estate professionals located in 35 cities worldwide. Built on our belief that strong performance is fuelled by dynamic expertise, our global network of on-the-ground specialists is dedicated to opportunity creation, optimisation, and timely capital deployment amid shifting market conditions.
Through our full suite of real estate equity and debt solutions, we aim to achieve exceptional outcomes on behalf of investors and borrowers. Our uncompromising commitment to building lasting relationships with our clients is founded on trust, transparency, and mutual respect. We strive to integrate sustainable best practices throughout our investment, asset management, risk and talent management processes for the benefit of our clients, employees, and the communities in which we operate. PGIM Real Estate is a business of PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU). For more information, visit pgimrealestate.com.
About PGIM
PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU). In 41 offices across 19 countries, our more than 1,450 investment professionals serve both retail and institutional clients around the world.
As a leading global asset manager with US$1.39 trillion in assets under management[2], PGIM is built on a foundation of strength, stability, and disciplined risk management. Our multi-affiliate model allows us to deliver specialised expertise across key asset classes with a focused investment approach. This gives our clients a diversified suite of investment strategies and solutions with global depth and scale across public and private asset classes, including fixed income, equities, real estate, private credit, and other alternatives. For more information, visit pgim.com.
Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information, please visit news.prudential.com.
[1] As of 31 Dec. 2024. Net AUM is US$132 billion, and AUA is US$47 billion. PGIM Real Estate is the third-largest real estate investment manager (out of 72 firms surveyed) in terms of global real estate assets under management based on Pensions & Investments' "Largest Real Estate Investment Managers" list published in October 2024.
[2] As of 31 March 2025.