NU Online News Service, Feb. 7, 2:33 p.m. – Prudential Financial Inc., Newark, N.J., has picked one of its own executives, David Odenath, to be president of a new annuities group.
The group, part of the company's insurance division, will manage Prudential's own annuity operations along with those of American Skandia, Shelton, Conn.
Prudential recently announced plans to acquire American Skandia, a major annuity manufacturer, from its parent company, Skandia Insurance Ltd., Stockholm.
Odenath has been president of Prudential's annuity business.
