NEWARK, N.J.--(BUSINESS WIRE)--Prudential Retirement, a business unit of Prudential Financial, Inc. (NYSE: PRU), announced today Michael Domingos, vice president, National Distribution Markets, will be promoted to senior vice president and head of Sales and Strategic Relationships, Prudential Retirement. The appointment will be effective Dec. 2.
Domingos is succeeding Scott Gaul, current senior vice president and head of Sales and Strategic Relationships, Prudential Retirement. Prudential announced Aug. 29th Gaul will become head of Prudential Retirement’s Investment & Pension Solutions businesses effective Dec. 1.
As part of Prudential’s leadership succession announcement for U.S. Businesses, Yanela Frias, current head of Retirement’s Investment & Pension Solutions businesses, which surpassed $100 billion in pension and longevity risk transfer sales under her leadership, will be promoted Dec. 1 to president of Prudential Retirement.
“I am pleased to announce Michael as Retirement’s new head of Sales and Strategic Relationships,” Frias said. “Michael has 25 years of institutional retirement experience, the last 15 years of which he has developed and led sales strategies for full-service retirement plans and, in his current role, has led efforts to establish a dynamic sales culture based on customer data and insights that have helped us expand the business in new ways. I am confident that his leadership and customer focus will help us continue to grow the business and transform the customer experience.”
As part of his new role, Domingos will speak with the media tonight in New York City on future-proofing workplace benefits and how to enable financial wellness in a changing society.
“I’m thrilled to take on this new opportunity at such an exciting time for the company as we continue to innovate and think differently about retirement solutions to ease financial stress at every age and stage of life for individuals and drive meaningful value for our institutional clients,” Domingos said. “I look forward to leading Prudential Retirement’s talented sales organization.”
About Prudential Retirement
Prudential Retirement delivers retirement plan solutions for public, private, and non-profit organizations. Services include defined contribution, defined benefit and non-qualified 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 4.4 million participants and annuitants. Prudential Retirement has $478 billion in retirement account values as of June 30, 2019. Retirement products and services are provided by The Prudential Insurance Company of America (PICA), Newark, N.J., or its affiliates.
PICA issued the reinsurance from the United States. Neither PICA nor Prudential Retirement Insurance and Annuity Company (PRIAC) is licensed or regulated by the U.K. Prudential Regulation Authority as an insurer or regulated by the Financial Conduct Authority, nor does either offer reinsurance in the United Kingdom or directly insure U.K. pension risks.
About Prudential Financial
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 June 30, 2019, 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.
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