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Press release from Business Wire

PREI® names Michael Gallagher a portfolio manager for its global securities team

Monday, September 10, 2012

PREI® names Michael Gallagher a portfolio manager for its global securities team11:42 EDT Monday, September 10, 2012 MADISON, N.J. (Business Wire) -- Prudential Real Estate Investors has named Michael Gallagher an associate portfolio manager responsible for managing U.K. and European strategies as part of the company's global real estate securities team. PREI® is the real estate investment advisory and management business of Prudential Financial, Inc. (NYSE:PRU). Gallagher's appointment is effective immediately. He will be based in PREI's London office. “Mike's deep understanding of the U.K. and European markets, along with his experience in portfolio construction, will expand the opportunities for institutional and retail clients to diversify their portfolios and tap the potential for attractive risk-adjusted returns in a growing global public real estate market,” said Marc Halle, senior portfolio manager and head of PREI's team. The integrated team has portfolio managers in the U.S., Asia and Europe. Before joining Prudential, Gallagher was an assistant fund manager at Aviva Investors, where he was part of a team managing global and European real estate investment trust funds for institutional and retail clients. He was directly responsible for portfolio construction and stock selection of European listed real estate funds and the European portion of global funds. Earlier, he covered real estate sectors and diversified financials as an equity analyst at Citigroup. He also worked as an equity analyst at Deutsche Bank. Gallagher has a bachelor's degree in economics and government from Harvard University and a master's degree in international political economy from Cornell University. PREI is a leader in the global real estate investment management business, offering a broad range of investment vehicles that invest in private and public market opportunities in the United States, Europe, the Middle East, Asia, Australia and Latin America. Headquartered in Madison, N.J., PREI has other offices in Atlanta, Chicago, Miami, New York, San Francisco, London, Lisbon, Luxembourg, Madrid, Munich, Paris, Istanbul, Abu Dhabi, Mexico City, Rio de Janeiro, Sao Paulo, Beijing, Hong Kong, Seoul, Singapore, and Tokyo. In addition, PREI has representatives in Milan and is establishing a presence in Sydney (pending regulatory approval). As of June 30, 2012, PREI managed approximately $50.1 billion in gross real estate assets ($33.8 billion net) on behalf of more than 490 clients worldwide. For more information, visit http://www.prei.com. Prudential Financial, Inc. (NYSE: PRU), a financial services leader with approximately $961 billion of assets under management as of June 30, 2012, 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 http://www.news.prudential.com/   PrudentialTheresa Miller, 973-802-7455theresa.miller@prudential.com