Deals & People September 17, 2009

Prudential Annuities Names Seifert Director of National Sales

Prudential Annuities, the domestic annuity business of Prudential Financial, Inc., announced Tim Seifert joined the company as a vice president and director of National Sales.

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Seifert will be responsible for sales planning and execution across Prudential Annuities’ independent broker/dealer, wirehouse, bank, and agency distribution channels, the company said. He will also oversee Prudential Annuities’ national sales managers, National Sales Desk, and Business Development Desk, reporting to Bruce Ferris, senior vice president of Sales and Distribution for Prudential Annuities.

“Tim’s appointment is an important next step in creating a structure that aligns with our goal of becoming the leader in guaranteed retirement income,” Ferris said.

Seifert spent 23 years at PLANCO Financial Services, LLC, a Hartford Life Inc. company, where he was most recently senior managing director responsible for overseeing all of the firms’ sales and distribution initiatives.

Deals & People September 16, 2009

Former Assistant Secretary of Labor Joins D.C. Law Firm

Schiff Hardin LLP has announced that former assistant secretary of labor for employee benefits Bradford P. Campbell joined the firm’s Washington, D.C., office in the Employee Benefits and Executive Compensation and ERISA Litigation groups.

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The firm said in a press release that Campbell’s experience as ERISA’s former top enforcement and regulatory official will add significant value for Schiff Hardin’s clients. “Brad’s experience and skills add real value for our clients, and he is a great addition to our Employee Benefits and Litigation groups,” said Robert H. Riley, chairman of the firm.

Campbell has held a number of other senior positions in the government, including deputy assistant secretary of labor for employee benefits; senior legislative officer for the Department of Labor; legislative director for then-Congressman Ernest Fletcher; and senior legislative assistant for then-Congressman Christopher Cox, later chairman of the Securities and Exchange Commission (SEC).

Schiff Hardin listed the following accomplishments by Campbell while serving as assistant secretary:

  • orchestrated implementation of the most sweeping changes to pension regulations in 30 years (see “What’s Inside the Pension Protection Act”), issuing nearly 30 regulations and major guidance documents;
  • administered an enforcement program resulting in more than $2.6 billion in monetary results and more than 200 criminal indictments;
  • issued final regulations establishing qualified default investment alternatives (QDIAs) to facilitate automatic enrollment in defined contribution plans (see “Got QDIA Questions? DoL Has Answers”);
  • issued final regulations improving participant access to professional investment advice (see “DoL Finalizes Investment Advice Rule”);
  • issued final regulations requiring enhanced and electronic disclosure of plan expense and fee information on the Form 5500 Schedule C;
  • directed policy in major litigation, including filing amicus briefs in RILA v. Fielder and LaRue v. DeWolff;
  • negotiated with Congress to modify final genetic discrimination and mental health parity legislation; and
  • issued final HIPAA regulations governing wellness programs and nondiscrimination requirements.

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