Prudential Builds Out Pension Risk Transfer Team

(March 18, 2013) – The US’ market leader in pension risk transfers is expanding its workforce with an ex-UBS corporate finance specialist in response to market demand, the firm said.

Prudential has hired Rohit Mathur for the newly-created role of senior vice president for global product and market solutions. Mathur will focus on assessing the corporate finance implications of pension de-risking and spreading the word about them, according to the New Jersey-based financial services/insurance giant.

“Corporate pension plan sponsors are increasingly looking to pension risk transfer [PRT] solutions as a means to reduce financial statement volatility, allow greater focus on their firms’ core businesses and ensure strategic flexibility,” said Phil Waldeck, senior vice president and head of pension and structured solutions. “Rohit strengthens our growing pension risk transfer team as he brings tremendous experience and expertise with pension risk issues. Reflecting market demand, his addition underscores our continuing investment in our PRT team.”

Mathur will be deployed as an informational resource to current and potential risk-transfer clients, and a marketing resource to Prudential. Specifically, the firm said it intends for Mathur to head up the development of original research and other marketing materials.  

He most recently worked in investment banking at UBS as executive director of its capital structure and strategy group. He will likely join Prudential with a clutch of strong relationships with corporate finance executives, having worked closely with this group on enhancing shareholder value during his six-year tenure at UBS.

In his new role, Mathur will report to Scott Kaplan, senior vice president in the global product and market solutions group. 

Prudential was the annuity provider behind last year’s two landmark pension risk transfer deals in the US space: GM ($26 billion) and Verizon ($7.5 billion).

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