Prudential Retirement taps Jamie Kalamarides to lead Full Service Solutions

NEWARK, N.J.–(BUSINESS WIRE)–Prudential
Retirement, a business of Prudential Financial, Inc. (NYSE:PRU), has
named Jamie Kalamarides head of its newly created Full Service Solutions
business, which delivers retirement plan solutions for public, private
and non-profit organizations.

Kalamarides’ new role combines retirement plan recordkeeping and
administration with full service investments. In addition, Kalamarides
will continue as CEO of Prudential Bank and Trust. This move comes as
Jamie McInnes, current head of Prudential Retirement’s defined
contribution, defined benefit and nonqualified recordkeeping and
administration business, has accepted a new role with Prudential’s
International Insurance Division.

Kalamarides has more than 20 years of experience managing retirement
plan platforms and investment solutions. He has deep knowledge of the
full service business and is a highly respected advocate in Washington,
D.C. for new approaches to solving financial security challenges. He has
been recognized as one of the “Most Influential People in Defined
Contribution¹” and his expertise includes expanding access to
retirement plans, savings adequacy, guaranteed income and pensions.

“Jamie McInnes has been a great contributor to Prudential Retirement’s
success and he will bring a great deal of expertise and talent to his
new role in Prudential’s International Insurance Division,” said
Christine Marcks, president of Prudential Retirement. “I’m very pleased
Jamie Kalamarides will step in and lead the Full Service Solutions team.
I’m confident we will see continued growth and momentum to help ensure
financial security for all of our clients,” continued Marcks.

Phil Waldeck, currently head of Pensions and Structured Solutions, will
take on an expanded role and become the head of the Investment and
Pension Solutions business, bringing the Pension Risk Transfer,
Structured Settlements and Stable Value teams together as one integrated
business.

The appointments are effective Sept. 5.

About Prudential Retirement

Prudential Retirement delivers retirement plan solutions for public,
private, and nonprofit organizations. Services include defined
contribution, defined benefit and non-qualified 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 4.1
million participants and annuitants. Prudential Retirement has $371.8
billion in retirement account values as of March 31, 2016.

Retirement products and services are provided by Prudential Retirement
Insurance and Annuity Company (PRIAC), Hartford, Conn., or its
affiliates.

Retirement products and services are provided by Prudential
Retirement Insurance and Annuity Company (PRIAC), Hartford, Conn., or
its affiliates. PRIAC is a Prudential Financial company.

Prudential Financial, Inc. (NYSE:PRU), a financial services leader with
more than $1 trillion of assets under management as of March 31, 2016,
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 and investment
management. 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 www.news.prudential.com.

¹ Most Influential People in Defined Contribution – 401K
Wire, 2012

0294497-00001-00

Contacts

Media:
Josh Stoffregen, 973-802-3996
josh.stoffregen@prudential.com
Twitter:
@stoffregenPruPr