A significant addition to the leadership team at PGIM Fixed Income signals the firm's commitment to expanding its asset-based finance (ABF) capabilities. Starting May 15, 2025, Oliver Nisenson will take on the newly established role of head of ABF. In this position, he will guide the growth of the company’s private global ABF platform within its extensive securitization portfolio valued at $131 billion. Nisenson will collaborate closely with Gabriel Rivera and Edwin Wilches, who jointly oversee the securitized products division.

PGIM Fixed Income has long been a major player in the private asset-based finance market, with over three decades of experience and nearly $30 billion in cumulative originations. The firm has successfully partnered with key players such as SoFi, PennyMac, and Affirm across various sectors like consumer credit, mortgage financing, and commercial lending. As the new leader, Nisenson brings an impressive track record from his previous roles at Blackstone Credit and Insurance, where he spearheaded investments in asset-based finance. Before that, he held prominent positions at Credit Suisse, including overseeing global conduit and warehouse financing.

The appointment reflects PGIM Fixed Income's dedication to strengthening its offerings in fixed income markets globally. With assets under management exceeding $837 billion as of December 31, 2024, the company continues to establish itself as a leading force in the financial industry. By leveraging Nisenson's expertise, the firm aims not only to enhance its current operations but also to explore new opportunities for growth in asset-based finance. This strategic move underscores the importance of experienced leadership in driving innovation and success in today's dynamic financial landscape.