Prudential PLC has best Michael Falcon to accomplish Barry Stowe as the arch controlling administrator of its Jackson National Activity Allowance Aggregation unit.
Stowe affairs to retire Dec. 31, and Falcon is on clue to become CEO Jan. 7, Prudential appear today.
(Related: Stowe to Lead Prudential’s North American Unit, Replacing Wells)
Stowe succeeded Mike Wells as Jackson National’s CEO in 2015. Wells larboard the Jackson National CEO column to become Prudential’s all-around CEO.
Falcon has been the CEO of the Asia Pacific operations at J.P. Morgan Asset Management.
Prudential is an international, London-based activity insurer that has no affiliation with the Newark, New Jersey-based Prudential Banking Inc.
Jackson National is a Lansing, Michigan-based Prudential subsidiary.
Jackson National ranked ninth in the United States in 2017 in agreement of bazaar allotment for absolute activity allowance premiums, accomplishment considerations, and added forms of activity and bloom revenue, according to the National Association of Allowance Commissioners (NAIC). The aggregation had about $22 billion in 2017 premiums and added considerations.
Jackson National ranked aboriginal in agreement of accomplishment considerations, with $19 billion in absolute premiums and a 7.6% bazaar share, according to the NAIC.
Michael Falcon is an alum of Indiana University in Bloomington.
He started out alive for the Chase Manhattan Bank and Sara Lee Corp.
From 2009 through 2010, he was the arch of a media, bazaar and advice close founded by Jean Chatzky, a announcer and book columnist who covers claimed finance.
Falcon aing J.P. Morgan Chase Asset Management, as arch of retirement. He became arch of the Asia Pacific Funds operations in 2014, and CEO of Global Investment Management Asia Pacific in 2015.
Falcon has been arresting in banking casework organizations. In 2012, for example, he aing the lath of the Insured Retirement Institute. He additionally has served as a trustee of the Employee Benefit Research Institute.
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