President, Prudential Mortgage Capital Co.
As President and Chief Executive Officer, David Durning is responsible for managing all of Prudential’s commercial real estate finance activities. Prudential Mortgage Capital is one of the largest providers of commercial mortgages in the United States with $72 billion in assets under management and administration as of December 31, 2012, virtually all of which were loans originated by Prudential. Since joining Prudential as an investment analyst in 1988, Durning has assumed increasingly responsible and varied roles through the real estate and mortgage investment units. Most recently he was the Senior Managing Director, overseeing the company’s agency lending businesses and loan production globally. Prior to joining Prudential, he was a lending officer for Chemical Bank, and a corporate finance associate for Shearson Lehman. Durning received a BA from Middlebury College and an MBA from the Harvard Graduate School of Business. He holds the Chartered Financial Analyst (CFA) designation.