Lacey Lockward to head Stable Value business; Alex Hyten to lead Structured Settlements, both with P&L responsibilities.
Prudential Retirement, a business unit of Prudential Financial, Inc. (NYSE: PRU), has named Lacey Lockward the new head of Stable Value.
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Lacey Lockward, head of Stable Value, Prudential Retirement (Photo: Business Wire)
Lockward most recently led Prudential Retirement’s Structured Settlements business. With her move to Stable Value, Alex Hyten has been named head of Structured Settlements.
"I’m so proud to make these announcements and welcome Lacey and Alex to their new roles on my senior leadership team," Scott Gaul, head of Investment and Pension Solutions for Prudential Retirement, said. "Our strong focus on talent development and mobility is critical to our success as a team and it is more important than ever to have dedicated, experienced leaders in Stable Value and Structured Settlements who truly understand the peace of mind our products bring our customers during times of crisis and market volatility. As Prudential Retirement navigates the current environment with our partners, I am confident Lacey and Alex are the individuals to lead these businesses into the future."
Prior to being promoted to head Structured Settlements in 2017, Lockward was a key member of Prudential’s Stable Value business team, responsible for new business, maintaining an in-force book of business and implementing new products in new markets, such as 529 plans. During her time leading Structured Settlements, she oversaw the business’s financial foundations work, which resulted in a significant transformation of strategy, product, pricing and service, and produced strong sales and profitability.
Hyten, an actuary by background, previously led Prudential Retirement’s Investment and Pension Solutions sales team, where she was responsible for pension risk transfer, medical risk transfer and stable value sales and related product innovation efforts. Hyten developed a strong understanding of the needs of institutional clients during her eight years on Prudential Retirement’s Sales team and Pension Risk Transfer New Business team. In addition, she brings significant financial and business acumen to this role, along with deep insights into pricing products in a way that is market competitive and forward thinking.
About Prudential Retirement
Prudential Retirement delivers retirement plan solutions for public, private, and nonprofit organizations. Services include defined contribution, defined benefit and nonqualified 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 4.6 million participants and annuitants. Prudential Retirement has $465.8 billion in retirement account values as of March 31, 2020. Retirement products and services are provided by The Prudential Insurance Company of America (PICA), Newark, N.J., or its affiliates.
About Prudential Financial, Inc.
Prudential Financial, Inc. (NYSE: PRU), a financial wellness leader and premier active global investment manager with more than $1 trillion in assets under management as of March 31, 2020, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees help to make lives better by creating financial opportunity for more people. Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit news.prudential.com.