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Prudential Names Hunt to Run $580 Billion Investment Unit

Prudential Financial Inc., the second-largest U.S. life insurer, named David Hunt of McKinsey & Co. to run the investment operation with more than $580 billion under management.

Hunt will be chief executive officer of Prudential Investment Management effective Nov. 9, replacing Charles Lowrey, who was promoted in February to lead U.S. operations for the Newark, New Jersey-based insurer, the company said today in a statement distributed by Business Wire.