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Deals & People November 22, 2023
PGIM Names Sancia Dalley Managing Director of DEI
She will oversee HBCU investment strategy.
Reported by Natalie Lin
PGIM, Prudential Financial Inc.’s global asset management business, has hired Sancia Dalley as a managing director in its office of diversity, equity and inclusion, a newly created position, overseeing PGIM’s DEI investment portfolio and HBCU investment strategy.
According to a firm statement, HBCUs continue to have fewer resources than comparable peers in higher education institutions across multiple disciplines, including finance and investments.
Dalley will work directly with select historically Black colleges and universities to support the financial acumen of their students, a spokesperson said via email. She will also partner with Prudential Financial Inc. on the DEI investment portfolio to oversee manager relationships, source fund managers and manage the policies, procedures and goals of the portfolio. She reports to Kathryn Sayko, PGIM’s chief DEI officer.
“Throughout her career, Sancia has demonstrated the fearlessness needed to tackle difficult and complex challenges facing underrepresented people, communities and countries, and has done so with tremendous impact,” Sayko said in a statement. “Her expertise and network will help advance PGIM’s leadership in these two important initiatives, while supporting our efforts to create equitable access to capital, knowledge and experience for the next generation of financial professionals.”
Dalley joins PGIM from Robert F. Kennedy Human Rights, where she served as senior vice president of investor engagement and strategic partnerships. She grew the RFK Compass Investors Program into a platform of 400 institutional investors and asset managers with $7 trillion in assets under management.
She also chaired the foundation’s annual investor conference. Dalley created a workstream that provided opportunities to emerging diverse managers in alternative investments for access to capital and mentorship.
Early in her career, Dalley worked with the former U.S. ambassador to the United Nations, Richard Holbrooke, to build the Global Business Coalition, an organization providing resources to countries impacted by critical health issues. She then went on to serve as vice president in the U.N. Envoy’s Office for Health Financing under GBCHealth.
“PGIM is committed to helping to close the racial wealth gap,” according to a company statement. “Industry data continues to show that women- and minority-owned asset managers still oversee less than 2% of assets under management globally. Prudential is committed to supporting an expanded universe of asset managers, including diverse asset managers, in the alternatives space in order to achieve above-market-rate returns and to help enable wealth creation.”
