PGIM Investments has appointed Brian Reid as an independent director for two mutual funds -- Prudential Short Duration High Yield Fund Inc. and Prudential Global Short Duration High Yield Fund Inc.

“We are pleased that Mr. Reid has joined our board of directors, adding his public policy perspective to those of our current board members,” Board Chairman Keith Hartstein said. “We believe his insights and industry knowledge will benefit PGIM fund shareholders and enhance the board’s ability to provide oversight of PGIM Investments’ family of funds.”

Reid previously served as chief economist for the Investment Co. Institute. He was previously a staff economist at the Federal Reserve.

“Mr. Reid’s extensive policy background in the financial markets and the economy will be a great asset to our shareholders as we continue to help them navigate their daily investment challenges,” PGIM Investments President and CEO Stuart Parker said.