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Deals & People November 12, 2012
DOL’s Davis Joins Prudential
Michael L.
Davis has joined Prudential Retirement as senior vice president and head of its
stable value business.
Reported by Rebecca Moore
Davis recently served as Deputy Assistant Secretary of the U.S. Department of Labor’s (DOL) Employee Benefit Security Administration. (See “PSNC 2012: The New Fiduciary.”)
As leader of the stable value business, Davis will oversee Prudential’s in-plan and third-party stable value product management and development team. He will also serve as Prudential’s subject matter expert for market intelligence in this area. Davis will report to Jamie Kalamarides, senior vice president and head of Prudential Retirement’s Institutional Investment Solutions.
Before his appointment to the DOL, Davis held various positions with J.P. Morgan, including managing director and head of the west region institutional client group for J.P. Morgan Asset Management.
“We are delighted to have Michael join the Prudential Retirement team,” Kalamarides said. “His strong experience in the financial services industry and regulatory environment, and in-depth understanding of clients and advisers, will help us continue to grow this business and provide retirement security for more Americans.”
Davis holds a bachelor’s degree in finance from the University of Texas at Austin and a master’s degree in public policy from the John F. Kennedy School of Government at Harvard University.