Judy Rice receives lifetime achievement award from Fund Industry Intelligence
NEWARK, N.J.--(BUSINESS WIRE)-- Prudential Investments Chairman, Judy Rice was recently honored with a lifetime achievement award at Fund Industry Intelligences 19th Annual Mutual Fund Industry Awards. Prudential Investments is the mutual fund family of Prudential Financial, Inc. (PRU) and offers funds across a range of asset classes and sectors, including equity, fixed income, real estate and specialty securities.
Rice has been recognized among the industrys most influential executives. She has long been an advocate for diversity through her leadership in the National Association of Female Executives, and through her leadership to help create The Gateway to Leadership Program in partnership with the Money Management Institute.
While at Prudential, she launched one of the industrys first separately managed account businesses. She also led Prudentials effort to convert its mutual fund distribution platform from a proprietary channel to primarily third-party distribution through an overhaul of the companys infrastructure, retaining and attracting talent, and changing the mix of Prudentials investments business. During her tenure, the companys net flow ranking, as determined by Simfund climbed from 575 in 2008 to 18 at the end of 2011, while the distribution team increased to 60 wholesalers from 22 during that same period. Rice, a 20-year company veteran was named chair of Prudential Investments in January and will retire at the end of the year.
Judys positive and sustained impact on the improvement of our retail mutual fund business could never be overstated, said Charlie Lowrey, executive vice president and COO, U.S. Businesses. Her leadership and advocacy for diversity in the workplace and for making the industry more accessible to women has been equally as impressive, so I cant think of anyone who is more disserving of this honor, Lowery added.
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Mutual funds are distributed by Prudential Investment Management Services LLC, a Prudential Financial company and member SIPC. Prudential Investments, Prudential, the Prudential logo, and the Rock symbol are service marks of Prudential Financial, Inc., and its related entities, registered in many jurisdictions worldwide.
Prudential Financial, Inc., a financial services leader with approximately $901 billion of assets under management as of December 31, 2011, has operations in the United States, Asia, Europe, and Latin America. Prudentials diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. In the U.S., Prudentials iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit http://www.news.prudential.com/.
Prudential Financial, Inc.
Source: Prudential Financial, Inc.Copyright Business Wire 2012