Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Pru Continues its Hiring Spree Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, June 22, 2011

Pru Continues its Hiring Spree

Reported by Armie Margaret Lee

Mutual fund sales pros in search of opportunities may want to have a chat with Prudential Investments [see profile] executives. The Newark, New Jersey-based mutual fund firm continues to be on the lookout for potential hires as it bulks up its sales force.

Prudential Investments, which is building out its sales team covering independent broker-dealers, currently has 21 external wholesalers for the channel and is targeting to increase that number to 30 over the next year, said Prudential Investments president Judy Rice, in an interview on the sidelines of Prudential's Mid-Year Briefing in New York City on Wednesday.

For the wirehouse channel, Prudential has a team of 30 externals.

"We believe that by having 30 external wholesalers for the wirehouse channel and 30 for the independent b-d channel, that will be competitive with firms of our size and scale," said Stuart Parker, head of retail distribution.

Pru is also ramping up efforts in the RIA space. Parker revealed plans to form a team decidated to RIAs.

At present, Prudential's wholesalers for the independent b-d channel are covering hybrid RIAs as part of their duties. Prudential's plan is to have a separate team of four people who will call on the very high-end RIAs, those with assets of $500 million and above.

"Our plan going forward is to hire eventually four people to cover the top 200 RIAs," Parker said. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use