Prudential Financial Names Davis Head of Stable Value Retirement

Prudential Financial Inc. (PRU), the second-largest U.S. life insurer, has hired Michael Davis as senior vice president and head of the stable value business of its retirement unit.

Davis, who has previously worked at the U.S. Department of Labor and JPMorgan Chase & Co., will report to Jamie Kalamarides, head of Prudential Retirement’s institutional investment solutions group, the Newark, New Jersey-based company said today in a statement distributed by Business Wire.

To contact the reporter on this story: Susanna Pak in New York at spak10@bloomberg.net

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

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