Christine Marcks to Head Retail/Rollover Capture for Prudential Retire

    Business Editors

    NEWARK, N.J.--(BUSINESS WIRE)--Jan. 4, 2005--Prudential Retirement, a business of Prudential Financial, Inc. (NYSE: PRU), announced today that it has named Christine C. Marcks senior vice president and head of its Retail/Rollover Capture business segment. In this role, Marcks will be responsible for the marketing, sales, earnings growth and retention of defined contribution rollover assets. Marcks will report directly to John Y. Kim, president, Prudential Retirement.
    "Christine is a seasoned financial services professional with a proven ability to build successful businesses that meet the needs of individual retirement-plan participants," said John Kim, president, Prudential Retirement. "She has developed highly effective strategies for improving retention rates for defined contribution assets throughout her career, and she is highly regarded for her understanding of banking vehicles, IRAs and other tools that help individuals grow and protect their retirement assets. Christine is the ideal choice to help us profitably grow our Retail/Rollover Capture business, and I'm delighted that she is serving in this important role," Kim added.
    Marcks was most recently senior vice president and head of ING's Financial Horizons business, a business similar to Prudential Retirement's Retail/Rollover Capture operation. Prior to that, Marcks spent 10 years with Aetna, primarily with Aetna Financial Services in a variety of senior positions in both the retirement and annuity businesses. Earlier, she served as an International Economist with the U.S. Treasury Department in Washington, D.C.
    Marcks has a bachelor's degree in foreign affairs from Assumption College and a M.A. in economics from Georgetown University.
    Prudential Retirement delivers retirement plan solutions for public, private, and non-profit organizations. Services include state-of-the-art recordkeeping, administration, investment management, comprehensive employee investment education and communications, and trustee services. With over 75 years of retirement experience, Prudential Retirement meets the needs of two million defined contribution participants and more than one million defined benefit annuitants. Prudential Retirement has $124 billion in retirement account values as of September 30, 2004.
    Prudential Financial companies, with approximately $470 billion in total assets under management as of September 30, 2004, serve individual and institutional customers worldwide and include The Prudential Insurance Company of America, one of the largest life insurance companies in the United States. These companies offer a variety of products and services, including life insurance, mutual funds, annuities, pension and retirement related services and administration, asset management, securities brokerage, banking and trust services, real estate brokerage franchises and relocation services. For more information, visit www.prudential.com.

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CONTACT: Prudential Financial, Inc. Darrell Oliver, 973-802-9627

KEYWORD: NEW JERSEY INDUSTRY KEYWORD: INSURANCE HUMAN RESOURCES BANKING SOURCE: Prudential Financial, Inc.

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