Prudential Financial has created a new unit, Prudential Retirement Strategies, to hold its individual annuity and institutional investment products businesses.
The institutional investment operations involved include the group annuities team, pension risk transfer services, international reinsurance operations, a structured settlements line and an institutional stable value line.
Prudential has picked Dylan Tyson, who has been the head of the individual annuities business, to be the president of the Prudential Retirement Strategies unit.
Yanela Frias, who has been president of Prudential Retirement, will become president of the Newark, New Jersey-based company's group insurance business.
