Daleep Singh

PGIM Fixed Income has appointed Daleep Singh as vice chair, chief global economist and head of global macroeconomic research, effective April 21.

Singh rejoins the firm after serving as US deputy national security adviser for international economics and deputy director of the National Economic Council in February 2024, a role he also held between February 2021 and June 2022. In this capacity, he served as former President Joe Biden’s top international economics adviser, driving policy formulation at the intersection of economics and national security.

Singh previously served as PGIM Fixed Income’s global chief economist and head of global macroeconomic research from June 2022 through to February 2024, before he was once again called upon to serve at the White House.

Singh will report to Gregory Peters, co-chief investment officer for PGIM Fixed Income, and will be responsible for oversight of the global macroeconomic research team, which includes senior economists with extensive experience in the public and private sectors.

As vice chair, he will also assume broad executive responsibilities including building out the firm’s global brand and serving on the firm’s senior leadership team.

“Daleep is one of the most sought-after experts on the global economy, and we are thrilled to welcome him back to PGIM Fixed Income,” comments Peters. “Daleep’s extensive experience and insight at the highest levels of government will be fundamental in helping our firm navigate the increasingly complex macroeconomic and geopolitical forces driving global financial markets.”

Before initially joining the Biden administration, Singh was executive vice president and head of the markets group at the New York Federal Reserve. From 2011 to 2017, he worked for the US Department of the Treasury, including as acting assistant secretary for financial markets and deputy assistant secretary for Europe and Eurasia. Preceding his tenure at the Treasury Department, Singh spent eight years at Goldman Sachs focused on US interest rates and emerging markets.

PGIM Fixed Income is a fixed income manager with US$837 billion in assets under management as of December 31 2024. PGIM is the global asset management business of Prudential Financial with US$1.38 trillion in assets under management.