Last $80.87 USD
Change Today +0.78 / 0.97%
Volume 1.4M
As of 12:58 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

prudential financial inc (PRU) Key Developments

Dryden 31 Senior Loan Fund Appoints Prudential Fixed Income as Collateral Manager

Prudential Fixed Income has been appointed as the collateral manager for the Dryden 31 Senior Loan Fund, a recently closed $621 million collateralized loan obligation. The Dryden 31 Senior Loan Fund is the 48th cash or synthetic CLO/CDO structure to be managed or sub-advised by either or both of the Prudential Fixed Income teams in its Newark and London offices.

Prudential Financial, Inc. Announces Executive Changes

Prudential Financial, Inc. announced that Robert Axel has been promoted to senior vice president, controller and principal accounting officer, succeeding Peter Sayre and reporting to Chief Financial Officer Robert Falzon, effective immediately. Sayre will oversee several key projects until he retires from the company, effective October 31, 2014. Axel joined Prudential in 2001 as vice president, controller for the company's general account investment portfolio. He was named deputy controller in 2010 with responsibility for monitoring and implementing new accounting standards and ensuring company-wide compliance with U.S. generally accepted accounting principles (GAAP) and statutory accounting standards. Prior to joining Prudential, Axel was a senior manager at PricewaterhouseCoopers, where he oversaw independent audits of several major real estate and financial services companies.

Prudential Financial, Inc. Presents at AIFA Annual Conference, Mar-03-2014 02:30 PM

Prudential Financial, Inc. Presents at AIFA Annual Conference, Mar-03-2014 02:30 PM. Venue: Boca Raton Resort & Club, Boca Raton, Florida, United States. Speakers: Scott G. Sleyster, Chief Investment Officer and Senior Vice President.

Prudential Financial, Inc. Announces Executive Changes

Prudential Financial, Inc. announced a number of senior management changes that are designed to match the company's strategic priorities with its talent management strategy. The company announced that Ed Baird, executive vice president and chief operating officer of Prudential's International Division, will retire from that position on April 4, 2014. Baird, who joined Prudential in 1979, was appointed to head the company's international businesses in 2008 after serving in several senior management roles. Taking over the top international post will be Charles F. Lowrey, who for the past three years has served as executive vice president and chief operating officer of Prudential's U.S.-based businesses, which are comprised of Prudential Investment Management, Prudential Retirement, Prudential Annuities, Individual Life Insurance and Group Insurance. Before his current role, Lowrey was president and CEO of Prudential Investment Management, Prudential Financial's asset management business. Previously, he was CEO of Prudential Real Estate Investors. He joined the company in March 2001. Steve Pelletier, currently CEO of Prudential's Group Insurance business, which provides employee benefits solutions, including Group Life, Disability, and Group Nonqualified Benefit Funding programs, will succeed Lowrey as head of U.S. Businesses. He will be promoted to executive vice president. Prior to his current role, Pelletier was president of Prudential Annuities and has held several senior leadership roles in the U.S. and around the world. He received an M.A. from Yale University and a B.A. from Northwestern University. Assuming Pelletier's role as CEO of the Group Insurance business will be Lori Fouché, who currently serves as president and chief operating officer of Group Insurance. She will be promoted to senior vice president. Fouché joined Prudential in 2013 and has more than 20 years of insurance industry experience, including serving as president and CEO of Fireman's Fund Insurance Company.

Prudential Financial, Inc. Declares Quarterly Dividend, Payable on March 20, 2014

Prudential Financial, Inc. announced the declaration of a quarterly dividend of $0.53 per share of common stock, payable on March 20, 2014, to shareholders of record at the close of business on February 25, 2014.

 

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