Bruce Phelps has joined PGIM as a managing director and head of research for its institutional advisory and services group, PGIM announced Tuesday.

PGIM, the global investment management businesses of Prudential Financial Inc., has more than $1 trillion in assets under management. The institutional advisory and services group advises on asset allocation, portfolio construction and risk management for institutional clients and prospects globally.

Phelps most recently was a managing director in the quantitative portfolio strategy group at Barclays Capital Research.