Prudential Retirement Names Beverley Olivier and David Rowe Western Re

    Business Editors

    NEWARK, N.J.--(BUSINESS WIRE)--March 21, 2005--Prudential Retirement announced today that Beverley Olivier and David Rowe have been named vice presidents of Western Region Sales, representing the company's Full-Service Retirement business in the Pacific Northwest, including Northern California. Prudential Retirement is a business of Prudential Financial, Inc. (NYSE:PRU).
    In their new roles, Olivier and Rowe will partner with advisors, brokers and consultants to develop strategies for reaching out to corporate prospects and clients with customized retirement plan solutions. Based in Seattle, Wash., Olivier and Rowe will report to George Castineiras, senior vice president, National Corporate Plan Sales, Prudential Retirement.
    "The addition of Beverley and David demonstrates Prudential's continued commitment to the retirement services industry in the Pacific Northwest," said Castineiras. "Each offers a unique perspective, encompassing client, provider and advisor-based experience that strengthens our depth of understanding of each constituent's retirement plan expectations and needs. Together, they have more than 40 years of employee benefits experience, including plan design, administration, recordkeeping, consulting, and employee communication and education. Retirement plan advisors can look forward to working with strong partners who will deliver intelligent solutions that help them grow their retirement practices."
    Prior to joining Prudential Retirement, Olivier was the president of Kibble & Prentice's Retirement Plan Services Division, leading the division's growth, sales and operational efficiency initiatives. Before that, she was a principal and practice leader for Milliman, USA. Olivier holds a bachelor's degree in communications and business management from Pacific Union College. She is a Certified Employee Benefit Specialist and a member of the International Society of Certified Employee Benefit Specialists (ISCEBS), and an active member of the American Society of Pension Professionals & Actuaries (ASPPA), Western Pension & Benefits Conference (WP&BC), and the International Foundation of Employee Benefits (IFEBP). She has also been an active member of the Emerald City Rotary, and active in a variety of philanthropic organizations in the Northwest.
    Rowe was also with Kibble & Prentice prior to joining Prudential, serving as vice president for Retirement Plan Services and responsible for developing new investment advisory and third-party administration relationships across all market segments. Prior to that, he was the Western Region manager of business development for Northern Trust Retirement Consulting in Seattle, Wash., and developed total retirement outsourcing relationships in the large-market segment. Rowe earned a BA in mathematics from the University of Washington. He holds a Certified Pension Consultant (CPC) designation with the American Society of Pension Professionals & Actuaries (ASPPA), and a number of regulatory licenses and registrations, and is a board member of the Western Pension & Benefits Conference (WP&BC). Locally, Rowe is a PSIA Level III ski instructor, member of the Washington Kayak Club and supports a number of charitable organizations and foundations.
    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 80 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 $130 billion in retirement account values as of December 31, 2004.
    Prudential Financial companies, with approximately $500 billion in total assets under management as of December 31, 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: For Prudential Retirement Darrell Oliver, 973-802-9627

KEYWORD: NEW JERSEY INDUSTRY KEYWORD: INSURANCE BANKING CONSUMER/HOUSEHOLD MANAGEMENT CHANGES SOURCE: Prudential Retirement

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