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Press release from Business Wire

PREI® names Morgan Laughlin to lead its Asia-Pacific business

Thursday, March 21, 2013

PREI® names Morgan Laughlin to lead its Asia-Pacific business14:20 EDT Thursday, March 21, 2013 TOKYO (Business Wire) -- Prudential Real Estate Investors has named Morgan Laughlin head of its Asia business, responsible for managing the company's operations and strategy in the Asia Pacific region. PREI® is the real estate investment management and advisory business of Prudential Financial, Inc. (NYSE). Laughlin, based in Tokyo, replaces Victoria Shigehira Sharpe, who has taken a new role with the Global Institutional Relationship Group for Prudential Investment Management. Based in Singapore, she will focus on expanding key client relationships for all of Prudential's asset management businesses. “Morgan is an invaluable addition to our global management team, bringing deep experience in building businesses in emerging and developed markets in Asia and a track record that includes managing real estate debt, direct real estate investing, client engagement and regional management,” said Allen Smith, CEO of PREI. “His well-rounded background will help to expand our business as we seek to offer our clients strong investment opportunities in the region, and strengthen our ability to provide Asian investors access to investments around the world.” PREI had about $8 billion in gross assets under management in Asia ($4.5 billion net) as of December 31, 2012, and has been investing in the commercial real estate markets of Japan, South Korea, Southeast Asia, China, India and Australia since 1994. Operating in the region as Pramerica Real Estate Investors, the company has offices in Tokyo, Singapore, Seoul, Beijing and Hong Kong, and has a representative office in Sydney. Laughlin joins PREI from Grosvenor Fund Management, where he was most recently a regional director responsible for managing its real estate business Asia Pacific Region. Earlier, he held several roles at the Royal Bank of Scotland, including head of portfolio management, the Japanese business, real estate advisory business and real estate finance. He previously led DB real estate for Asia ex-Japan for Deutsche Bank (RREEF), and worked for Bankers Trust Company and Paine Webber. Laughlin earned a bachelor's degree in Latin American Studies from Columbia College. He has lived and worked in the U.S., Japan, Thailand, Singapore and Hong Kong. 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, New Jersey, PREI has other offices in Atlanta, Chicago, New York, San Francisco, Miami, London, Lisbon Luxembourg, Frankfurt, Munich, Paris, Istanbul, Abu Dhabi, Mexico City, Sao Paulo, Beijing, Hong Kong, Seoul, Singapore and Tokyo. In addition, PREI hasrepresentatives in Milan and is establishing a presence in Sydney (pending regulatory approval). As of September 30, 2012, the company managed approximately $51.2 billion in gross real estate assets ($34.6 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 $1.060 trillion of assets under management as of December 31, 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) 802-4143theresa.miller@prudential.com