Bernard Jacob to Assume Role of Senior Vice President and Treasurer at Prudential Financial.NEWARK, N.J. -- Bernard Jacob will assume the role of Senior Vice President and Treasurer at Prudential Financial, Inc. (NYSE NYSE See: New York Stock Exchange : PRU PRU Prudential Financial PRU Pupil Referral Unit PRU Photographic Reconnaissance Unit PRU Potomac Rugby Union (Washington, DC) PRU Provincial Reconnaissance Unit PRU Projets de Rénovation Urbaine PRU Pruhonice ), effective August 1, Chief Financial Officer Richard Carbone announced today. As Treasurer, Jacob will have responsibility for the company's capital and liquidity management, corporate finance, and banking and cash management. Jacob, who currently serves as Senior Financial Officer for Prudential's domestic individual life and annuities business, will report directly to Carbone. C. Edward "Chuck" Chaplin, who had been Prudential's Treasurer, left the company to accept the position of Chief Financial Officer at another company. "Bernie has played a key role in directing finance activities of several Prudential businesses," Carbone said. "With his extensive experience and expertise in finance, he is certain to provide invaluable guidance and leadership in his new role. We are fortunate to have someone of his caliber and insight." Jacob joined Prudential in January 2002 as head of strategy and business development for Prudential's domestic insurance group, and assumed his current position in March 2004. Prior to joining Prudential, Jacob served as Executive Vice President and Chief Financial Officer at Pro-Act Technologies Corporation, Senior Vice President and Chief Financial Officer at Liberty Brokerage Investment Corp., and Senior Vice President - Head of Global Mergers and Acquisitions at The Chase Manhattan Bank The Chase Manhattan Bank, now part of JPMorgan Chase, was formed by the merger of the Chase National Bank and the Bank of the Manhattan Company in 1955. The bank is headquartered in New York City. , N.A. Jacob earned a bachelor of arts degree in political science from Brandeis University Brandeis University, at Waltham, Mass.; coeducational; chartered and opened 1948. Although Brandeis was founded by members of the American Jewish community, the university operates as an independent, nonsectarian institution. and a master's degree master's degree n. An academic degree conferred by a college or university upon those who complete at least one year of prescribed study beyond the bachelor's degree. Noun 1. in international affairs Noun 1. international affairs - affairs between nations; "you can't really keep up with world affairs by watching television" world affairs affairs - transactions of professional or public interest; "news of current affairs"; "great affairs of state" in foreign policy and finance from The School of International and Public Affairs at Columbia University. Prudential Financial companies, with approximately $547 billion in total assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. as of March 31, 2006, serve individual and institutional customers worldwide and include The Prudential Insurance Company of America, one of the largest life insurance companies in the United States. These companies offer a variety of products and services, including life insurance, mutual funds, annuities, pension and retirement-related services and administration, asset management, banking and trust services, real estate brokerage franchises, relocation services and, through a joint venture, retail securities brokerage services. For more information, visit www.prudential.com. |
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