Christian Kelly
About Christian Kelly
Christian J. Kelly (born 1975) serves as Chief Financial Officer of PGIM Short Duration High Yield Opportunities Fund (SDHY) and is listed as serving “Since Fund Inception.” He is Vice President and Global Head of Investment Operations at PGIM Investments LLC (since November 2018), and became CFO of PGIM Retail Funds and Prudential Annuities Funds in March 2023, and CFO of the PGIM Alternatives Funds in July 2022 . SDHY’s proxies state that officers are compensated by the Manager (PGIM Investments) rather than the Fund, and do not receive Fund-level compensation; therefore no fund-level pay-for-performance metrics (e.g., TSR, revenue growth, EBITDA growth) tied to Kelly’s compensation are disclosed .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| PGIM Investments LLC | Vice President, Global Head of Investment Operations | Since Nov 2018 | Senior operations leadership supporting fund administration and CFO responsibilities across PGIM fund complex . |
| PGIM Retail Funds & Prudential Annuities Funds | Chief Financial Officer | Since Mar 2023 | Fund CFO responsibilities across retail and annuities complexes . |
| PGIM Alternatives Funds | Chief Financial Officer | Since Jul 2022 | Alternatives complex CFO oversight . |
| PGIM Retail & Prudential Annuities Funds | Treasurer & Principal Financial Officer | Jan 2019–Mar 2023 | Led fund financial reporting and administration . |
| PGIM Private Real Estate Fund, Inc. | Treasurer & Principal Financial Officer | Mar 2022–Jul 2022 | Interim fund finance leadership . |
| Lord Abbett & Co. LLC | Director of Fund Administration | 2009–2018 | Led fund administration at a major asset manager . |
| Lord Abbett Family of Funds | Treasurer & Principal Accounting Officer | 2017–2018 | Principal accounting oversight for fund complex . |
| Avenue Capital Group | Director of Accounting | 2008–2009 | Private credit/hedge fund accounting leadership . |
| Deloitte & Touche LLP | Senior Manager, Investment Management Practice | 1998–2007 | Audit/consulting leadership in investment management . |
External Roles
- No external directorships or committee roles for Kelly are disclosed in SDHY proxies. Officers’ biographical listings focus on roles within PGIM and prior employers .
Fixed Compensation
Pursuant to a Management Agreement with the Fund, the Manager pays all compensation and expenses of officers and employees of the Fund; interested Board Members and officers do not receive compensation from PGIM Investments‑managed funds and therefore are not shown in Independent Board Member compensation tables .
| Component | Fund-level Disclosure | Notes |
|---|---|---|
| Base salary | Not disclosed | Officers are paid by PGIM Investments (Manager), not by the Fund . |
| Target bonus % / actual bonus | Not disclosed | No Fund-level cash bonus disclosure for officers . |
| Stock awards (RSUs/PSUs) | Not disclosed | No Fund-level equity award disclosure for officers . |
| Option awards | Not disclosed | No Fund-level options disclosure for officers . |
| Perquisites | Not disclosed | Not reported at Fund level for officers . |
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not applicable at Fund level | — | — | — | — | — |
- SDHY proxies do not disclose any officer performance incentive frameworks (e.g., revenue/EBITDA/TSR) tied to Fund-level compensation for Christian Kelly; officer pay is paid by PGIM Investments rather than the Fund .
Equity Ownership & Alignment
| Item | Fund-level Disclosure | Detail |
|---|---|---|
| Total beneficial ownership (officers) | Not disclosed | Share ownership tables cover Independent and Interested Board Members, not officers . |
| Ownership as % of shares outstanding | Not disclosed | No officer ownership percentages reported . |
| Vested vs unvested shares | Not disclosed | No officer equity breakdown reported . |
| Options (exercisable/unexercisable) | Not disclosed | No officer options reported . |
| Shares pledged as collateral | Not disclosed | Pledging not discussed for officers . |
| Ownership guidelines (officers) | Not disclosed | No officer guideline disclosure; board member ownership ranges are disclosed separately . |
Employment Terms
| Term | Fund-level Disclosure |
|---|---|
| Employment start date / tenure | “Since Fund Inception” listed for Kelly as Fund officer . |
| Employment agreements | Not disclosed at Fund level; officers are employees of Manager . |
| Severance provisions | Not disclosed at Fund level . |
| Change-of-control terms | Not disclosed at Fund level . |
| Clawbacks / tax gross-ups | Not disclosed at Fund level . |
| Non‑compete / non‑solicit | Not disclosed at Fund level . |
Investment Implications
- Compensation alignment: Officer compensation is paid by PGIM Investments (Manager) and not by SDHY; there is no Fund-level disclosure of Kelly’s salary, incentive metrics, or equity grants, limiting any direct linkage between SDHY share performance and Kelly’s pay at the Fund level .
- Retention risk: Kelly has held senior finance/administration roles across PGIM’s fund complexes (Retail, Annuities, Alternatives) and serves as SDHY CFO “Since Fund Inception,” signaling institutional continuity; retention levers (severance, CoC, retention bonuses) are not disclosed at the Fund level and would reside with the Manager .
- Insider selling pressure: SDHY proxies do not report officer beneficial ownership, vesting schedules, or option holdings; there are no Fund-level disclosures of officer equity that would create near‑term selling pressure signals. Monitor future SEC Form 4 filings or Item 5.02 8‑Ks for any changes in officer roles or reportable transactions .
- Governance context: Independent Board compensation and ownership are disclosed separately, but officers are not compensated by SDHY; thus, say‑on‑pay and compensation peer benchmarking are not applicable to Kelly at the Fund level .