Prudential names Lucien Alziari chief human resources officer
Posted today (5 hours ago)
Prudential Financial, Inc. announced Lucien Alziari will join Prudential on June 5 as senior vice president and chief human resources officer, succeeding Sharon Taylor, who has informed the company of her decision to retire after more than 40 years of distinguished service.
MetLife asks court to halt 'too big to fail' case during Trump review
MetLife Inc is asking a U.S. court to put on pause a case over how the government deems certain companies "too big to fail," one of the most significant reforms to come out of the financial crisis, while President Donald Trump's administration finishes reviewing the current regulatory approach. In March 2016 U.S. District Judge Rosemary Collyer struck down the government's designation of MetLife as "systemically important," saying it was "arbitrary and capricious" in assessing the risks to the financial system of a possible failure by the largest U.S. life insurer. The government, under former President Barack Obama, a Democrat, immediately appealed and the two sides squared off in court last October, with a decision expected next month.
U.S. Treasury's Mnuchin: Trump to order reviews of financial rules
Posted on Apr 21, 2017 (5 days ago)
President Donald Trump will order the U.S. Treasury Department on Friday to examine two powers given to regulators after the 2008 financial crisis to police large financial firms, Treasury Secretary Steven Mnuchin said. In his first visit to the Treasury building, Trump will sign two memos, both viewed by analysts as largely symbolic gestures. One will temporarily bar regulators from identifying new nonbank financial institutions as "systemically important financial institutions” (SIFIs) needing tighter oversight, while also ordering a review of the SIFI process, Mnuchin said in a briefing with reporters.
Trump to order U.S. Treasury to delve into taxes, post-crisis reforms
Posted on Apr 20, 2017 (5 days ago)
U.S. President Donald Trump will order the Treasury on Friday to find and reduce tax burdens and review post-financial crisis reforms that banks and insurance companies have said hinder their ability to do business. A White House official said on Thursday that Trump will issue an executive order directing the Treasury on the tax issues.
Insurers push to keep industry expert on U.S. regulatory council
Posted on Apr 19, 2017 (6 days ago)
With no sign of a replacement in the works, the U.S. insurance industry is pushing to prevent the departure of a key figure on the federal body that determines how large insurance companies are regulated. Roy Woodall, the sole independent voting member of the Financial Stability Oversight Council (FSOC) with insurance expertise, will lose his seat in late September, as his six-year term set out under the Dodd-Frank financial regulation reform law expires.
BNY Mellon to Provide Fund Administration Services to PGIM Real Estate for U.S. Real Estate Funds
Posted on Apr 19, 2017 (7 days ago)
NEW YORK, April 19, 2017 /PRNewswire/ -- BNY Mellon Alternative Investment Services will provide fund administration services for PGIM Real Estate's U.S. real estate funds, representing approximately $33 ...
PGIM CEO Recommends Looking for Opportunity Outside U.S.
Posted on Apr 18, 2017 (7 days ago)
David Hunt, chief executive officer of Prudential Financial Inc.'s $1 trillion asset manager PGIM, recommends looking for opportunity outside the world’s largest economy. He speaks with Bloomberg's Scarlet ...
PGIM's Hunt on Global Economy, Investment Opportunities
Posted on Apr 18, 2017 (7 days ago)
Apr.18 -- David Hunt, chief executive officer of Prudential Financial Inc.'s $1 trillion asset manager PGIM, recommends looking for opportunity outside the world’s largest economy. He speaks with Bloomberg's Scarlet Fu and Oliver Renick on "Bloomberg Markets."
Foundry Commercial and PGIM Real Estate Form Joint Venture to Develop 510,000-Square-Foot Industrial Park in Orlando
Posted on Apr 12, 2017 (14 days ago)
Foundry Commercial announces today the formation of a joint venture with PGIM Real Estate to develop Princeton Oaks, a 510,000-square-foot Class A industrial project in Orlando. Princeton Oaks will be ...
[$$] Evercore ISI Sees 20% Upside in Salesforce.com
Posted on Apr 7, 2017 (18 days ago)
Salesforce.com • CRM-NYSE Outperform • Price $82.97 on April 5 by Evercore ISI Yesterday, in Washington, D.C., a stop on the Salesforce world tour, we had the opportunity to meet with some of the cloud-computing company’s key managers.…Not surprisingly, they spent a significant amount of time on how they are thinking about the trade-off between revenue growth and margin expansion. While revenue growth remains the No. 1 priority, Salesforce understands it also needs to “feed the bear”—that is, deliver operating-margin expansion and cash-flow growth. In our view, the table is set for Salesforce to grow to $20 billion in annual revenue over the next four years.
Prudential Investment Management Japan to become PGIM Japan
Posted on Apr 6, 2017 (19 days ago)
Prudential Investment Management Japan Co., Ltd. , will change its name to PGIM Japan Co., Ltd., to align its brand and the opportunities it can offer clients across asset classes through its global parent, PGIM, the $1 trillion investment business of Prudential Financial, Inc.
Prudential Financial To Announce First Quarter 2017 Earnings; Schedules Conference Call
Posted on Mar 30, 2017 (27 days ago)
Prudential Financial, Inc. will release its first quarter 2017 earnings on Wednesday, May 3, 2017, after the market closes. The earnings news release, the financial supplement and related materials will be posted on the company's Investor Relations website at: investor.prudential.com.