Prudential Financial, Inc. : Joan Bozek named senior vice president of Prudential Retirement’s Investment Products team

30 January 2012

Joan Bozek named senior vice president of Prudential Retirement's Investment Products team

NEWARK, N.J., January 30, 2012 - Prudential Retirement, a business unit of Prudential Financial, Inc., announced today the appointment of Joan Bozek as senior vice president, Investment Products effective immediately.

In this new position, Bozek will report to Jamie Kalamarides, senior vice president, Institutional Investment Solutions. As head of Investment Products, Bozek is responsible for Prudential Retirement's proprietary and sub-advised fixed income, equity, balanced and asset allocation funds with $30 billion in assets under management. She will also lead Prudential's Due Diligence Advisor (DDA) process - the business unit's quantitative and qualitative approach to selecting, monitoring and, if necessary, replacing, sub-advised investment managers.

Bozek and her team are also responsible for Prudential's proprietary retirement investment offerings, including Prudential's EasyPath, RetirementGoal, Alliance, Discovery, Medley, and client accommodation separate funds.

Bozek will support the distribution of these products through Prudential's Total Retirement Solutions line of business to our full service sponsors, their advisors and participants, and will explore expanding distribution to third party channels through Strategic Relationships.

"Joan's experience and wealth of knowledge of this industry will help us deliver a robust and strong investment platform to the Total Retirement Solutions line of business and third-party channels, their plan-sponsor clients, and advisors to create retirement security within DC and DB plans," said Kalamarides. "She and her team will lead efforts to differentiate our broad range of investment options in the market."

Before assuming this role, Bozek served as vice president, Defined Benefit Product, Service and Operations. Prior to joining Prudential, she served as the Chief Investment Officer for The Merrill Lynch Retirement Group with responsibility for defined benefit and defined contribution plan investments. Before that, she was the Chief Risk Officer and Head of Investment Product for Merrill Lynch Trust Company, where she pioneered the Trust Company's open architecture investment platform.

Prudential Retirement delivers retirement plan solutions for public, private, and non-profit organizations. Services include state-of-the-art record keeping, administrative services, investment management, comprehensive employee investment education and communications, and trustee services. With over 85 years of retirement experience, Prudential Retirement helps meet the needs of over 3.6 million participants and annuitants. Prudential Retirement has $214.7 billion in retirement account values as of September 30, 2011.

Prudential Financial, Inc. (NYSE: PRU), a financial services leader with approximately $871 billion of assets under management as of September 30, 2011, has operations in the United States, Asia, Europe, and Latin America. Prudential's diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. In the U.S., Prudential's iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit http://www.news.prudential.com.

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