Prudential Retirement hires pension risk governance expert

Susan Mangiero joins Prudential Retirement

NEWARK, N.J.--(BUSINESS WIRE)--Susan Mangiero has joined Prudential Retirement as Director and Senior Pension Risk Strategist. Before joining Prudential, Mangiero was president and chief executive officer of Investment Governance, Inc., an investment best practices and education company. Before joining Prudential, Mangiero was president and chief executive officer of Pension Governance, LLC, a pension consulting company, from 2003 to 2011. Prudential Retirement is a business unit of Prudential Financial, Inc. (NYSE: PRU).

“Her strong knowledge of pension risk management, market and industry trends will help us stay abreast of the rapidly evolving pension de-risking landscape.”

Mangiero will report into Prudential’s Business Intelligence Office and provide support to the Pension Risk Transfer business.

“We are delighted to have Susan join our Business Intelligence team,” said Kara Segreto, Chief Marketing Officer for Prudential Retirement. “Her strong knowledge of pension risk management, market and industry trends will help us stay abreast of the rapidly evolving pension de-risking landscape.”

Mangiero’s responsibilities will include creating qualitative and quantitative market research and analysis surrounding pension de-risking. She will also serve as Prudential’s subject matter expert for competitive and market intelligence in this area.

“Susan brings 20 years of experience in capital markets, global treasury, asset-liability management, portfolio management, financial risk control and valuation experience to the table,” said Phil Waldeck,senior vice president and head of Prudential’s Pension & Structured Solutions business. “Her expertise will be a great asset as we look to understand and meet the needs of our clients in the Pension Risk Transfer (PRT) marketplace.”

Prudential Retirement delivers retirement plan solutions for public, private, and non-profit organizations. Services include state-of-the-art record keeping, administrative services, investment management, comprehensive employee investment education and communications, and trustee services. With over 85 years of retirement experience, Prudential Retirement helps meet the needs of nearly 3.7 million participants and annuitants. Prudential Retirement has $214.9 billion in retirement account values as of March 31, 2011.

Prudential Financial, Inc. (NYSE: PRU), a financial services leader with approximately $859 billion of assets under management as of March 31, 2011, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, investment management, and real estate services. In the U.S., Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit http://www.news.prudential.com/.

Control Number: 0205467-00001-00