Pretium, an investment firm focused on U.S. residential real estate, residential credit, and corporate credit, has hired Jonathan Pruzan as president and a member of the executive committee, effective immediately.
In this newly created role, Pruzan will oversee many of Pretium’s strategic and operational initiatives. The company has more than $50 billion in assets under its management and its real estate investments span 30 U.S. markets; it employs more than 4,000 people across 50 offices including its New York City headquarters, Dubai, London, Seoul, and Sydney.
Pruzan comes to Pretium from Morgan Stanley, where he served the last 28 years in a variety of leadership positions including chief operating officer, chief financial officer and head of corporate strategy. Pruzan played a key role in Morgan Stanley’s acquisitions of E*Trade Financial, Eaton Vance, and Solium Capital.
“Adding a strategic leader of Jon’s caliber demonstrates the strength of Pretium’s model and market position as one of the leading investors in real estate and credit,” said Don Mullen, founder and CEO of Pretium. “Pretium is a fast-growing, integrated firm that supports the entire asset lifecycle by embracing opportunity where others resist complexity. Jon is part of an elite class of financial services leaders, having excelled as an operating executive and a dealmaker. At a time of significant consolidation in the asset management space, we look forward to benefiting from Jon’s long history of success driving organic growth and identifying compelling acquisitions and partnerships to take the firm to the next level.”
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