American Skandia is seeking a new national sales manager in wake of plummeting sales of its variable annuities. The news comes as Bayard F. Tracy, sales director, resigned from the firm Wednesday, reports the American Banker. Annuity sales at the firm are off 66 percent from a year ago, according to the publication. 

See the list of all the 2002 Most Influential People



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