Products May 24, 2007

Prudential Redesigns Retirement Planning Web site

Prudential Financial has redesigned its Web site for retirement plan participants in an effort to make online retirement planning easier.
Reported by
According to a company press release, the Web site includes:
  • a design that was extensively tested to ensure it creates an environment that’s compelling.
  • a new accounts Home Page that delivers a clear big-picture overview of every retirement account – including defined contribution, defined benefit and non-qualified programs – a participant may have with Prudential.
  • a user-friendly layout that delivers critical information about account values, contribution activity, asset allocation, and performance.
  • a design that makes it easy for participants to conduct the most common transactions, including asset re-allocations.
  • account details that are available by clicking on the account name.
  • the Retirement Income Calculator that generates a projected monthly retirement income and compares it with the participant’s expected retirement expenses.
“Our new Web site is designed to help individuals feel comfortable and confident about managing their retirement accounts online. By making the site simple and user-friendly – and by incorporating new and innovative resources and tools – we believe we can help individuals achieve better retirement outcomes,” said Jim Mallozzi, senior vice president, Marketing, Product and Advisory Services, at Prudential Retirement, in the release.
Deals & People May 24, 2007

JPM Asset Management Names New CEO for Institutional Business

JPMorgan Asset Management has tapped John H. Hunt as Chief Executive Officer of JPMorgan Asset Management’s Institutional business in the Americas.
Reported by
A company announcement said that Hunt came to JPMorgan from Barclays Capital in New York where he was Managing Director, Financial Institutions Investment Banking, and was responsible for developing and managing key relationships with leading banks, insurance companies and specialty finance companies, with a focus on financing, risk management activities and structured products.
Hunt’s primary responsibility in his new post will be leading the long-term vision and strategy for the institutional asset management business in the U.S., the announcement said. He will oversee investment product sales, marketing, consultant relations and client service. Hunt will report to Eve Guernsey, CEO, JPMorgan Asset Management Americas, and will join the Americas Executive Committee.
Earlier in his career, Hunt served as Global Head of the Industry Strategies Group for Lehman Brothers, where he managed a business specializing in advising financial institutions on balance sheet management strategies arising out of changes in the regulatory, accounting, tax and legal environments.

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