Prudential Retirement activates talent mobility strategy, appoints two women to senior roles
June 02 2020 - 8:00AM
Business Wire
Lacey Lockward to head Stable Value business; Alex Hyten to
lead Structured Settlements, both with P&L
responsibilities.
Prudential Retirement, a business unit of Prudential Financial,
Inc. (NYSE: PRU), has named Lacey Lockward the new head of Stable
Value.
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Lacey Lockward, head of Stable Value,
Prudential Retirement (Photo: Business Wire)
Lockward most recently led Prudential Retirement’s Structured
Settlements business. With her move to Stable Value, Alex Hyten has
been named head of Structured Settlements.
“I’m so proud to make these announcements and welcome Lacey and
Alex to their new roles on my senior leadership team,” Scott Gaul,
head of Investment and Pension Solutions for Prudential Retirement,
said. “Our strong focus on talent development and mobility is
critical to our success as a team and it is more important than
ever to have dedicated, experienced leaders in Stable Value and
Structured Settlements who truly understand the peace of mind our
products bring our customers during times of crisis and market
volatility. As Prudential Retirement navigates the current
environment with our partners, I am confident Lacey and Alex are
the individuals to lead these businesses into the future.”
Prior to being promoted to head Structured Settlements in 2017,
Lockward was a key member of Prudential’s Stable Value business
team, responsible for new business, maintaining an in-force book of
business and implementing new products in new markets, such as 529
plans. During her time leading Structured Settlements, she oversaw
the business’s financial foundations work, which resulted in a
significant transformation of strategy, product, pricing and
service, and produced strong sales and profitability.
Hyten, an actuary by background, previously led Prudential
Retirement’s Investment and Pension Solutions sales team, where she
was responsible for pension risk transfer, medical risk transfer
and stable value sales and related product innovation efforts.
Hyten developed a strong understanding of the needs of
institutional clients during her eight years on Prudential
Retirement’s Sales team and Pension Risk Transfer New Business
team. In addition, she brings significant financial and business
acumen to this role, along with deep insights into pricing products
in a way that is market competitive and forward thinking.
About Prudential Retirement
Prudential Retirement delivers retirement plan solutions for
public, private, and nonprofit organizations. Services include
defined contribution, defined benefit and nonqualified deferred
compensation record keeping, administrative services, investment
management, comprehensive employee education and communications,
and trustee services, as well as a variety of products and
strategies, including institutional investment and income products,
pension risk transfer solutions and structured settlement
services.
With more than 85 years of retirement experience, Prudential
Retirement helps meet the needs of 4.6 million participants and
annuitants. Prudential Retirement has $465.8 billion in retirement
account values as of March 31, 2020. Retirement products and
services are provided by The Prudential Insurance Company of
America (PICA), Newark, N.J., or its affiliates.
About Prudential Financial, Inc.
Prudential Financial, Inc. (NYSE: PRU), a financial wellness
leader and premier active global investment manager with more than
$1 trillion in assets under management as of March 31, 2020, has
operations in the United States, Asia, Europe, and Latin America.
Prudential’s diverse and talented employees help to make lives
better by creating financial opportunity for more people.
Prudential’s iconic Rock symbol has stood for strength, stability,
expertise and innovation for more than a century. For more
information, please visit news.prudential.com.
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Josh Stoffregen-Foye 973-802-3996 josh.stoffregen@prudential.com
Twitter: @stoffregenPruPR
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