Assets under management (AUM) is the total value of all the investments that a financial company or fund is responsible for overseeing on behalf of its clients. It’s like a big bucket that shows how much money the firm is managing for people or organizations. A higher AUM often indicates a larger, more trusted company, and it can influence how much money they earn and the services they can offer.
fomcregulatory
The FOMC is the Federal Open Market Committee, the policy-making arm of the U.S. central bank that sets short-term interest rates and guides money supply choices. Think of it as the economy’s steering wheel: its decisions on rate changes and policy signals affect borrowing costs, bond yields, currency values and investor sentiment, so markets often move before and after its meetings.
NEWARK, N.J.--(BUSINESS WIRE)--
PGIM has named Robert Sockin as its U.S. economist, effective immediately. With $1.5 trillion in assets under management*, PGIM is a leading global asset manager and among the largest global fixed income managers.
Robert Sockin, U.S. Economist, PGIM
Sockin joins a deeply experienced team of economists led by PGIM Vice Chair and Chief Global Economist Daleep Singh, who rejoined the firm in April 2025 from the White House, where he served as U.S. Deputy National Security Advisor for international economics and Deputy Director of the National Economic Council.
In his new role, Sockin will report to Singh and will be responsible for leading the formulation of the firm’s views on the U.S. economy, contributing to the internal investment process, engaging with clients and key stakeholders on timely macroeconomic developments, and serving as a thought leader for the firm.
Sockinpreviouslyserved as senior global economist for Citigroup Research, a position he held for almost four years. In that capacity, he engaged with a range of clients and policymakers to discuss U.S. and global economic developments; constructed monthly publications and published thematic research of economists responsible for U.S. economic forecasts, in addition to publishing research.
Earlier in his career, Sockin worked at the Federal Reserve Board, where he performed policy work for FOMC meetings, reported on foreign economic activity and U.S. external trade, and conducted long-term economic research. He subsequently worked as a Policy Advisor at the U.S. Treasury Department, followed by senior U.S. economist roles at UBS and SPX Capital.
Daleep Singh, vice chair and chief global economist, commented: “Rob joins at a pivotal time for the U.S. economy. Having worked together previously in the public and private sector, I know that Rob is a first-rate talent at connecting the dots between economic data, policymaking, and financial markets — both in forecasting the business cycle and spotting regime shifts. I expect that he will soon become an indispensable resource for our investment teams and clients.”
ABOUT PGIM
PGIM, is the global asset management business of Prudential Financial, Inc. (NYSE: PRU), with $1.5 trillion in assets under management.* PGIM offers clients deep expertise across public and private asset classes, delivering a diverse range of investment strategies and tailored solutions — including fixed income, equities, real estate and alternatives. With 1,500+ investment professionals across 37 offices in 20 countries, we serve retail and institutional clients worldwide. For more information, visit pgim.com.
Prudential Financial, Inc. 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.
