Newark, NJ–(HISPANIC PR WIRE – BUSINESS WIRE)–February 26, 2008–Prudential Annuities, the domestic annuities business for Prudential Financial, Inc. (NYSE: PRU) recently announced the appointment of two new national sales managers in the business’ wirehouse distribution channel. The addition of Richard Jimenez and Jonathan Cressman, both senior vice presidents, is part of the company’s effort to increase its focus on key client relationships and bolster Prudential Annuities’ growing presence in the channel.
“The Wirehouse channel continues to be a significant area of opportunity for Prudential Annuities,” said Joseph Fuschillo, executive vice president of distribution for Prudential Annuities. “With Rich and Jonathan on board, we’ll have greater flexibility and will be able to deliver a segmented approach that reinforces our commitment to the wirehouse channel. Rich and Jonathan have a wealth of expertise that will fuel our growth and help solidify Prudential’s footprint in the wirehouses. Each of them has established a legacy of results, and I am confident that they will strengthen our relationships and maximize our distribution opportunities.”
With 28 years of industry expertise, Jimenez will lead the newly formed Wachovia/AG Edwards/Raymond James sales team. Prior to joining Prudential Annuities, he served as national sales manager with ING Funds and was previously with Prudential Investments, where he was a senior vice president of mutual funds and Annuity sales in the former Prudential Securities.
Cressman will lead Prudential Annuities’ focus on Merrill Lynch, Morgan Stanley, Smith Barney and UBS, as well as all regional wirehouse firms throughout the country. Cressman, a 13-year industry veteran, joins Prudential Annuities from Hartford’s Planco Financial Services, where he was the Northeast divisional sales manager.
Prudential Financial, Inc. (NYSE: PRU), a financial services leader with approximately $648 billion of assets under management as of December 31, 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 http://www.prudential.com.
Variable annuities are issued by Pruco Life Insurance Company (in New York, by Pruco Life Insurance Company of New Jersey), Newark, NJ, or by Prudential Annuities Life Assurance Corporation, Shelton, CT.
All are distributed by Prudential Annuities Distributors, Inc., Shelton, CT. All are Prudential Financial companies and each is solely responsible for its own financial condition and contractual obligations. Wachovia Corporation is the majority owner and Prudential Financial, indirectly through subsidiaries, is a minority owner of Wachovia Securities, LLC. Prudential Annuities is a business unit of Prudential Financial.
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