Prudential Names New President of Retirement Business
NEWARK, NJ, August 21, 2007 -- Prudential Financial, Inc. (NYSE:PRU) today named Christine C. Marcks president of Prudential Retirement, a total retirement services business offering retirement plan solutions for public, private, and non-profit organizations. Marcks, a 20-year veteran in the retirement and related financial services industry, currently oversees the company's personal retirement services and retirement income businesses.
The announcement follows the resignation of John Y. Kim, who was head of the company's Retirement business.
"Chris joined Prudential in 2005 and has played a significant role in the design and launch of programs and products to help plan participants better prepare for living in retirement," said Prudential Vice Chairman John Strangfeld. "She has a unique mix of experience in managing both institutional and individual retirement businesses, so she brings the knowledge and perspective that will guide the future direction of the retirement business."
Prior to joining Prudential Retirement, Marcks spent four years at ING Financial Services where she built and managed ING's IRA rollover and payout-annuity business. In her 13 years at Aetna, Inc., Marcks held a range of leadership positions in the defined contribution, marketing, and product development areas. Marcks holds a BA in Foreign Affairs from Assumption College and an MA in Economics from Georgetown University.
About Prudential Financial
Prudential Financial, Inc. (NYSE: PRU), a financial services leader with approximately $648 billion of assets under management as of June 30, 2007, has operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, investment management, and real estate services. For more information, please visit www.prudential.com.
###
Click here for more material dealing with current trends, opinion, news, legislative action, investments, marketing, sales, consulting, and legal issues on 401k plans.
This is a press release provided by the company or its representatives. 401khelpcenter.com, LLC is not the author of this release and is not associated or affiliated with any firm or organization mentioned unless otherwise noted. Use of any information obtained from this release is voluntary, and reliance on it should only be undertaken after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by 401khelpcenter.com, LLC.
