NEWARK, N.J.--(BUSINESS WIRE)--Prudential Retirement, a business of Prudential Financial, Inc. (NYSE:PRU), has named Jamie Kalamarides head of its newly created Full Service Solutions business, which delivers retirement plan solutions for public, private and non-profit organizations.
Kalamarides’ new role combines retirement plan recordkeeping and administration with full service investments. In addition, Kalamarides will continue as CEO of Prudential Bank and Trust. This move comes as Jamie McInnes, current head of Prudential Retirement’s defined contribution, defined benefit and nonqualified recordkeeping and administration business, has accepted a new role with Prudential’s International Insurance Division.
Kalamarides has more than 20 years of experience managing retirement plan platforms and investment solutions. He has deep knowledge of the full service business and is a highly respected advocate in Washington, D.C. for new approaches to solving financial security challenges. He has been recognized as one of the “Most Influential People in Defined Contribution1” and his expertise includes expanding access to retirement plans, savings adequacy, guaranteed income and pensions.
“Jamie McInnes has been a great contributor to Prudential Retirement’s success and he will bring a great deal of expertise and talent to his new role in Prudential’s International Insurance Division,” said Christine Marcks, president of Prudential Retirement. “I’m very pleased Jamie Kalamarides will step in and lead the Full Service Solutions team. I’m confident we will see continued growth and momentum to help ensure financial security for all of our clients,” continued Marcks.
Phil Waldeck, currently head of Pensions and Structured Solutions, will take on an expanded role and become the head of the Investment and Pension Solutions business, bringing the Pension Risk Transfer, Structured Settlements and Stable Value teams together as one integrated business.
The appointments are effective Sept. 5.
About Prudential Retirement
Prudential Retirement delivers retirement plan solutions for public, private, and nonprofit 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 4.1 million participants and annuitants. Prudential Retirement has $371.8 billion in retirement account values as of March 31, 2016.
