January 12, 2012
--- Prudential Retirement, a business unit of Prudential Financial, has announced leadership appointments in its Total Retirement Solutions (TRS) area. ---
Sean McLaughlin has been appointed as vice president, Client Relations & Business Development, TRS, effective February 1. McLaughlin will report to George Castineiras, senior vice president, Total Retirement Solutions, and lead sales, key accounts, consulting services, sales support, education and enrollment. He currently serves as vice president, Strategy, Planning, Communications and Risk Management. He joined Prudential Retirement following a career with McKinsey & Company, a global management consulting firm.
Yong Lee has been promoted to Chief Operating Officer of MullinTBG, its nonqualified business, reporting to Castineiras. He will be responsible for MullinTBG's overall corporate strategy and oversee the company’s operations, administrative, financial and sales functions, including efforts to capitalize on key distribution channel opportunities. Lee was formerly MullinTBG’s Chief Information Officer.
Dan Banis, formerly interim general manager of MullinTBG has been appointed head of Strategy and Planning. In this new role, Dan will report to Lee and be responsible for MullinTBG Advisors, compliance, plan design specialist, and analytical services teams.
“These leaders will help Prudential Retirement deliver on its promises to provide plan sponsors and participants with the products and services they need to retire with certainty and security,” said Castineiras.
Among the changes not announced, Mike Shute, former CEO of MullinTBG, and Jim Clary, former President of MullinTBG, are now sales consultants.
Castineiras told PLANADVISER the moves were a way to retain the expertise of these individuals, as they were in a point in their career where they were looking at other opportunities to see what else they can do. He said Shute is very excited about the future and is currently working on an initiative the firm will announce during the second half of the year.