The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
Wednesday, September 12, 2018|
An Ex-Asset Management Chief Takes Over a $40B Insurer
A former asset management chief is taking over a $40.72-billion market cap insurer this fall.
Lowrey, who currently serves as chief operating officer and executive vice president of Pru's international businesses, previously spent three years as COO and EVP of Pru's U.S. businesses. And from 2008 to 2011, he served as CEO of Pru's asset management arm, Prudential Investment Management (now called PGIM [profile] and with more than $1 trillion in AUM). He also spent nearly seven years leading Prudential Real Estate Investors and more than a dozen years at J.P. Morgan (where he eventually led real estate investment banking in the Americas).
Strangfeld, meanwhile, has led Pru as CEO for 10 years and once led Pru's global asset management group.
Meanwhile, EVP and chief financial officer Rob Falzon is succeeding vice chairman Mark Grier, also on December 1. Grier will then retire from Pru and the board in August 2019.
Printed from: MFWire.com/story.asp?s=58616
Copyright 2018, InvestmentWires, Inc.
All Rights Reserved