Prudential Names Sleyster Investment Chief, Reporting to Grier

Prudential Financial Inc. (PRU), the second-largest U.S. life insurer, named Scott Sleyster to the new position of chief investment officer, reporting to Vice Chairman Mark Grier.

Sleyster was CIO for the U.S. operations, a post that will be filled by Tim Schmidt, who joined the company in 2010 as managing director and oversaw asset-liability management for the retirement and group-insurance business, the Newark, New Jersey- based company said in a statement today.

To contact the reporter on this story: Steven Norton in New York at Snorton7@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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