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Deals and People July 23, 2014
Prudential Retirement Names Stable Value Leader
July 23, 2014 (PLANSPONSOR.com) – Prudential Retirement has promoted Gary Ward to head the firm’s stable value organization.
Reported by John Manganaro
Ward served previously as head of the Prudential Retirement investment-only stable value business. He now reports to Jamie Kalamarides, senior vice president and head of Prudential Retirement’s institutional investment solutions group.
Ward oversaw more than $75 billion in institutional account values in his previous role in the investment-only stable value business and was responsible for driving growth of the firm’s defined contribution investment-only channel. He also contributed to the development of a stable value wrap solution for 529 plans. Prior to joining Prudential Retirement’s stable value team, Ward led the strategy, planning and project management organization at Prudential Retirement, as well as the full-service existing business pricing team.
Kalamarides says the promotion reflects Prudential’s commitment to growth opportunities in stable value. He says the firm plans to continue efforts to develop new products, channels, markets and methods in the area of stable value investing.
Ward holds a bachelor’s of business administration degree in marketing from Boston College and an executive M.B.A. in management from New York University’s Stern School of Business.
More information on Prudential’s stable value offerings is available here. Prudential Retirement is a business unit of Prudential Financial, Inc.