Eric Adler joins L&G as CEO of asset management

Legal & General Group has appointed Eric Adler as CEO of asset management.

The appointment follows the group’s announcement at its Capital Markets Event in June that it would bring together its public and private markets businesses as a unified global asset manager.

Adler joins L&G from PGIM, Prudential Financial’s global asset manager, where he is president and chief executive of their $320 billion private alternatives business, leading investments and client financing solutions across private credit, real estate, infrastructure and private equity. He is a member of both the PGIM and Prudential Financial Operating Committees.

Prior to his leadership of private alternatives, Adler was CEO and global CIO for PGIM Real Estate, chair of private equity and head of their European business. Before joining PGIM in 2010, he was co-head of Tishman Speyer Europe.