Prudential Financial has made four key
leadership appointments, including naming Scott Sleyster as the new
chief investment officer for the company. .
Sleyster has been at Prudential for over 24
years and prior to his role as CIO for the US businesses, he led
the full service retirement and institutional investment products
business.
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Sleyster will be replaced by Tim Schmidt, who
will assume the role of CIO for the US businesses,
Schmidt joined Prudential in July 2010 as
managing director and the institutional lead for asset/liability
Management, overseeing the retirement and group insurance
businesses.
Meanwhile, Takehiko Fukuda, who currently
serves as CIO for International Insurance, will become Deputy
President of Gibraltar Life Insurance Company
Before joining Prudential he was head of
Manulife Financial’s Japanese investment operations, and spent
almost two decades at Mitsui Mutual Life Insurance Company which is
part of Prudential Financial Group. .
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By GlobalDataFukuda will be replaced by Steve Napoli, who
joined Prudential in 1986, moving to Prudential International
Insurance in 1998 and becoming head of International portfolio
management.
Mark Grier, vice chairman of Prudential
Financial said: “We are fortunate to have a deep pool of management
talent within Prudential. All of these executives are well suited
for their new roles, and we look forward to their many
contributions in the years ahead,”
Prudential Financial had approximately $943bn
of assets under management as of 31 March 2012.
