Monday, October 18, 2010

Jackson National Life Insurance Company Appoints Mike Wells

Prudential announced the appointment of Mike Wells as president and chief executive officer of Jackson National Life Insurance Company. He succeeds Clark Manning.

Wells has been with Jackson for 15 years and is currently vice chairman and chief operating officer. -Regulatory News Service

Tuesday, July 22, 2008

Prudential Financial Appoints Jonathan Martin Austen

Prudential Financial announce the appointment of Jonathan Martin Austen as finance director. The appointment is effective from September 1, 2008. Jon, 52, joins from the Goodman Group, where he was chief financial officer (UK) following the company’s acquisition of Arlington Securities in May 2006. From 2004 to 2006, Jon was chief operating officer at Arlington which, prior to its acquisition, had established itself as one of Europe’s foremost independent property investment and services companies.

Thursday, May 29, 2008

Prudential Investment Management Appoints George Passaris

PrudentialPrudential Investment Management named George Passaris as a managing director and product manager for its alternative investments business in Europe as it seeks to expand the business. Passaris, based in London, will be responsible for overseeing European Alternatives product management, working with the firm’s investor base and with investment banks to originate, manage and market new structured products on behalf of institutional clients. Before joining Prudential, Passaris was a senior banker in the CDO group at Bear Stearns.-Business Wire

Tuesday, May 13, 2008

Prudential Capital Group Appoints New Positions

Prudential Capital Group announced that it has named Thomas F. Downey, Roger R. Finn, and David F. Scully as vice presidents for its Prudential Capital Group Commercial Asset Finance.

Thomas F. Downey joins as vice president and account executive of the Southwest region and will be based in Dallas, Texas. Formerly with Merrill Lynch Capital, Downey has over 25 years experience in the equipment lease and financing market in the Southwest, with particular expertise in the exploration and production equipment arena.

Roger R. Finn has been named vice president and account executive for the Midwest region and will be based in Chicago, Ill. Most recently with the CIT Group, Finn has a record of over 20 years of direct marketing and long-standing relationship development throughout the Midwest equipment finance market.

David F. Scully joins as vice president and account executive gaming equipment sector, and will be based in San Francisco, Calif. Formerly with Merrill Lynch Capital and Bank of America, Scully has been a major force in the developing the gaming equipment finance market, serving both commercial casino and Native American gaming clients.-Business Wire

Wednesday, May 7, 2008

Prudential Appoints Peter Bandarenko

Prudential Financial announced the appointment of Peter Bandarenko as the advanced markets sales director. Bandarenko will be responsible for facilitating growth in all advanced markets product areas including group universal life, executive carve-out life, retiree life buyouts, multinational pooling and captive reinsurance.

In this newly-created role, Bandarenko will report directly to David Brooker, vice president of advanced markets. Most recently, Bandarenko served as senior vice president of sales and marketing for Dye & Eskin. His career experience also comes from a long tenure with MetLife and their subsidiary Paragon Life.-Business Wire

Tuesday, April 1, 2008

Prudential’s Group Insurance Business Announces Executive Changes

Prudential Financial group insurance business announced that John DeLorenzo has been promoted to senior vice president of sales and account management, responsible for overseeing all new business and client management activities across the business.

Most recently, DeLorenzo was vice president of regional sales in group insurance with responsibility for sales production and relationship development in the 25 to 15,000 lives market segment.

Additionally, Andrew Mako has been named as senior vice president of products, marketing, and strategic initiatives with responsibility for directing all product initiatives while continuing to lead the business’ long-term care operation.

In his prior role, Mako served as senior vice president of long-term care insurance at Prudential with responsibility for the overall profitability and all aspects of the business for both individual and group products. -Business Wire

Monday, March 17, 2008

Prudential Financial Names Joseph Billy Jr. as Vice President of Global Security

PrudentialPrudential Financial announced that former Federal Bureau of Investigation assistant director Joseph Billy Jr. has been named vice president of global security. Billy will report directly to Lori Hennon-Bell, chief security officer, and will be responsible for domestic and international security operations and asset protection.

Billy recently retired as FBI assistant director in charge of the counter terrorism division in Washington D.C., and has served in positions of increasing responsibility during his 30-year FBI career including field agent, supervisor in the foreign counterintelligence program, supervisor of the FBI/New York City Police Department joint terrorism task force and assistant special agent in Charge. -Business Wire

Friday, February 15, 2008

Prudential Retirement Services Appoints James K. Cornell as Senior Vice President and Chief Marketing Officer

PRUDENTIALPrudential Retirement Services announced the appointment of James K. Cornell as senior vice president and chief marketing officer. Cornell joins Prudential from Fidelity Investments and will be based at the business’ headquarters in Hartford, CT. Cornell will report directly to Christine Marcks, president of Prudential Retirement and will direct all marketing, strategic planning and communications activities across the business, helping drive growth in revenues and market share as well as exploring new markets. He will also play a key role in Prudential Financial’s Thought Leadership activities. Cornell joins Prudential following an 11-year career with Fidelity Investments where he most recently served as senior vice president, institutional marketing. -Business Wire

Wednesday, February 13, 2008

Frank Waltman Joins Prudential Retirement

PrudentialFrank Waltman has joined Prudential Retirement as head of the organization’s investment products team. In this role, Waltman will have overall management responsibility for the investment platform that Prudential Retirement offers to defined contribution, defined benefit and non-qualified plan clients. As head of investment products, Waltman will report to George Palms, senior vice president, and will oversee an open architecture product suite comprised of equity, fixed income, balanced, and other retail and sub-advised investment offerings, totaling more than 1,000 individual funds and approximately $100 billion in invested assets. -Business Wire

Prudential Financial Names Gail Van Dalen as VP of Marketing

Prudential Financial announced that Gail Van Dalen has been named vice president of marketing in The Prudential Insurance Company of America’s domestic Individual Life Insurance business, based in Newark, NJ.

Van Dalen is responsible for life insurance product marketing for all domestic distribution channels including advanced sales support to both captive and independent distribution partners. She reports to Mark Hug, chief marketing officer, Individual Life Insurance.

Van Dalen comes to Prudential experienced in sales and marketing in the life insurance industry. In her previous position, she served as senior vice president of marketing and sales support at Conseco. Other past positions include several sales and marketing jobs at CIGNA Corporation, the most recent of which was vice president of account management for group insurance. -Business Wire

Tuesday, February 12, 2008

Prudential Fixed Income Management Announces New Appointments

prudentialPrudential Investment Management announced that Michael Lillard has been appointed chief investment officer, responsible for overseeing all portfolio management and trading across the firm. Additionally, the firm has named Citigroup fixed income veteran Arvind Rajan its new head of quantitative research and risk management.

Prudential Fixed Income Management is an asset management business of Prudential Financial. Most recently, Lillard was senior investment officer for insurance portfolios, liability-driven investment and hedge strategies, along with leading quantitative research and risk management. His new role as CIO permits him to focus exclusively on portfolio management and alpha generation.

Rajan joins prudential after serving as co-head of U.S. fixed income strategy and the global head of structured credit research for Citigroup’s fixed income business. Most recently, he founded a unit that traded emerging market and credit instruments. Previously, he served as global head of emerging markets quantitative research and strategy for the fixed income division at Salomon Smith Barney. He began his career at AT&T Bell Laboratories in 1987, moving into the investment business in 1994 when he joined Salomon Brothers as an analyst and modeler for US mortgages and asset-backed securities.

Peter Cordrey, a managing director, has been named head of alternative products in a new position responsible for the firm’s hedge fund platform and collateralized debt obligations.

Miguel Thames, a managing director, has been named head of institutional business for PFIM, responsible for consultant relations, along with sales and client services. He replaces Kevin Myers, who has been named senior managing director of institutional marketing and distribution for Prudential Financial’s U.S. businesses. -Business Wire

Thursday, January 24, 2008

Prudential Financial Announces Management Changes

Prudential Financial announced a new senior management team, following the election in December of John Strangfeld as the company’s chief executive officer and chairman-elect.

The company also announced that Rich Carbone was elected executive vice president. Carbone, who has served as chief financial officer since 1997 and has built a finance function since the company went public in 2001, will retain that title.

Bernard Winograd, currently president and chief executive officer of Prudential Investment Management (PIM) since 2002, was also elected executive vice president and will head Prudential’s U.S. businesses.

Charles Lowrey, who currently leads Prudential Real Estate Investors (PREI), was promoted to replace Winograd as head of Prudential’s asset management business. He will report directly to Winograd.

Allen Smith, managing director, PREI, has been promoted to replace Lowrey as CEO of that business. Smith will report to Lowrey.

Ed Baird, currently president of group insurance, has been elected executive vice president and will head Prudential’s International division. Baird joined Prudential in 1979 and has led the group insurance business since 2002.

Lori High, who currently leads group insurance sales and marketing, was promoted to replace Baird as president of that business and will report to Winograd.

Kazuo Maeda, who currently heads Prudential’s life insurance businesses in Japan, was also promoted to executive vice president. -Business Wire

Wednesday, December 19, 2007

Prudential Capital Group Announces Executive Appointments

Prudential Capital announced that it has named Robert L. Penfold managing director of its commercial asset finance group. Penfold, a 25-year veteran of the finance and leasing industry, will oversee the Prudential Capital Group commercial asset finance business, which was acquired in February 2007, and is located in Atlanta, Georgia.

Prior to joining Prudential Capital Group, Penfold spent four years serving small businesses through his own consulting firm. In his 12 years at Bank of America Leasing and Capital Group, Penfold managed an international team of professionals responsible for large ticket direct originations. In addition to Penfold’s appointment, Roderick L. Roberts has been named chief credit officer and Brian D. Shapiro will head all marketing and originations for Commercial Asset Finance Group. Both will report to Robert Penfold.-Business Wire

Thursday, November 29, 2007

Prudential Financial Announces Executive Changes

prudential.jpgPrudential Financial has elected a new chief executive officer. Vice Chairman, John R. Strangfeld, will take the reins of the insurance and financial services company on January 1st. Strangfeld, 53, currently runs all of Prudential’s U.S. businesses. He succeeds Arthur F. Ryan, who is retiring as CEO at the end of 2007. Strangfeld also will become chairman after Ryan retires from that job in May 2008. Grier, 55, is responsible for the company’s international business and joined Prudential as chief financial officer in 1995. -Associated Press Newswires

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