Prudential Retirement, a subsidiary of Newark-based Prudential Financial Inc., named Lacey Lockward the head of Stable Value and Alex Hyten the head of Structured Settlements.
“Our strong focus on talent development and mobility is critical to our success as a team and it is more important than ever to have dedicated, experienced leaders in Stable Value and Structured Settlements who truly understand the peace of mind our products bring our customers during times of crisis and market volatility,” said Scott Gaul, head of investment and pension solutions for Prudential Retirement, in a statement.
Lockward was previously head of Structured Settlements from 2017; and prior to that, she was a member of Prudential’s Stable Value business team, where she was responsible for new business, maintaining an in-force book of business, and implementing new products in new markets.
While working in Structured Settlements, Lockward oversaw the business’s financial foundations work, resulting in a transformation of strategy, product, pricing and service.
Hyten previously led Prudential Retirement’s Investment and Pension Solutions sales team for eight years. There, she was responsible for pension risk transfer, medical risk transfer and stable value sales and related product innovation efforts.
Prudential Retirement offers retirement plan solutions to public, private, and nonprofit organizations.