Prudential Investments named a new president. Stuart Parker succeeded Judy Rice in the position. Rice has assumed the role of chairman of the company until her retirement at the end of 2012. Prudential Investments is the mutual fund and wealth management business of Prudential Financial Inc.
Parker joined Jennison Associates LLC in 2005. He has served dual roles as head of retail distribution for Jennison Associates, an asset management business of Prudential Financial, and head of mutual fund distribution for Prudential Investments. He has worked closely with Rice to build a robust third-party distribution platform. The changes were effective Jan. 1.
"Prudential Investments has become a formidable player in the mutual fund industry under Judy's leadership, and I'm confident that through Stuart's experience and leadership, we will continue to build on that success," says David Hunt, chief executive officer of Prudential Investment Management.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
